Decision Notice – CIRO Sanctions George Maxim Lukiwski

SASKATOON, SK, March 5, 2024 /CNW/ – Following a hearing held on September 15, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules imposed a fine of $22,500 and costs of $5,000 on George Maxim Lukiwski.

Re Lukiwski, 2024 CIRO 28

In the Agreed Statement of Facts George Maxim Lukiwski admitted to the following violations:

a)  he, or his assistant for whom he was responsible, altered and used to process transactions, 29 account forms in respect of 25 clients by altering information on the account forms without having the client initial the alterations; and

b)  he, or his assistant for whom he was responsible, obtained, possessed, and used to process transactions, 25 pre-signed account forms in respect of 19 clients.

During the period described in the Agreed Statement of Facts, George Maxim Lukiwski carried on business in the Saskatoon, Saskatchewan area.

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All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO’s website. 

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

SOURCE Canadian Investment Regulatory Organization (CIRO)