TORONTO, Aug. 20, 2026 /CNW/ -- Following a settlement hearing held on June 29, 2026 pursuant to the Mutual Fund Dealer Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision in the matter of George Alexander Abisaleh (the Respondent) on August 6, 2026.

The hearing panel's reasons for decision are available at:

Re Abisaleh 2026 CIRO 24

In its reasons for decision, the hearing panel found that the Respondent misappropriated or otherwise obtained monies from clients, some or all of which he did not repay or account for.

In accordance with the settlement agreement, the panel confirmed:

1. a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any CIRO Dealer Member,
2. a fine of $50,000,
3. disgorgement of $214,500, and
4. costs of $10,000.

The conduct took place while the Respondent was a Registered Representative with TD Investment Services Inc. in the Greater Toronto area in Ontario. He is not currently registered in the securities industry in any capacity.

The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian 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.

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.

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SOURCE Canadian Investment Regulatory Organization (CIRO)