CIRO Sanctions Robert Weston Crocker

24-0005
Type: Enforcement Notice> Decision

Contact:

Stephanie Teodoridis
Senior Public Affairs and Corporate Communications Specialist
Telephone:
Email:

Toronto (Ontario), January 3, 2024 – On December 18, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Robert Weston Crocker.

Robert Weston Crocker admitted to the following violations:

  • failure to learn and remain informed of the essential facts relative to a client by completing Know Your Client information he knew was inaccurate; and
  • completing purchases of private placements for a client which were “non-PRO” eligible when he knew that the client’s account should have been marked “PRO”.

Pursuant to the settlement agreement, Robert Weston Crocker agreed to the following sanctions:

  • a fine of $30,000,
  • disgorgement of $8,078,
  • suspension from registration for 6 months,
  • re-writing the Conduct Practices Handbook examination prior to re-registration, and
  • strict supervision for 6 months upon re-registration.

Robert Weston Crocker also agreed to pay costs of $10,000.

The Settlement Agreement is available at:

Crocker, Robert Weston – Settlement Agreement

The hearing panel’s decision will be made available at www.ciro.ca.

The alleged violations occurred while Robert Weston Crocker was a Registered Representative with the Toronto branch of Canaccord Genuity Corp. Robert Weston Crocker is no longer a registrant with a CIRO-regulated firm.

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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.

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.

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Other Notices associated with this Enforcement Proceeding:

Welcome to CIRO.ca!

You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

The following sections of the legacy mfda.ca and iiroc.ca sites have been migrated to ciro.ca:

  • Enforcement
  • Hearings
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  • Advisor Report

We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.