MONTRÉAL, July 13, 2026 /CNW/ – A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Investment Dealer and Partially Consolidated Rules in the matter of Milan Sharma.
The hearing is open to the public unless the panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.
Hearing Dates: January 11-15, 2027 at 10:00 a.m. (Eastern Time)
Location: CIRO Office, Montréal
525 Viger Avenue West, Suite 601
Members of the public, who would like to observe or obtain further particulars, should fill out this form.
The hearing concerns allegations that Milan Sharma failed to act as a gatekeeper in relation to the trading activity in over-the-counter (OTC) securities by some of his clients.
The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:
Sharma, Milan – Notice of Hearing and Statement of Allegations
The alleged violations occurred while Milan Sharma was a Registered Representative at BMO Nesbitt Burns Inc. in the Montréal, Québec area. Milan Sharma is currently not 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)