Hearing Notice - CIRO to Hold a Disciplinary Hearing for Mazhar Hussain Malik

PR Newswire
Wednesday, May 20, 2026 at 6:00pm UTC

Hearing Notice - CIRO to Hold a Disciplinary Hearing for Mazhar Hussain Malik

Canada NewsWire

TORONTO, May 20, 2026

TORONTO, May 20, 2026 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules in the matter of Mazhar Hussain Malik.

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 Date:               November 16 - 20, 23 and 24, 2026 at 10:00 a.m. (Eastern Time)

Location:                       CIRO Office - Hearing Room
                                       40 Temperance Street, Suite 2600
                                       Toronto, Ontario M5H 0B4                  

Members of the public, who would like to observe or obtain further particulars, should fill out this form.

The hearing concerns allegations that Mazhar Malik:

     a)

processed an unauthorized transaction in a client's account, and

     b)

engaged in personal financial dealings with Dealer Member clients, by borrowing from and
loaning monies to clients, which gave rise to conflicts or potential conflicts of interest that he
failed to disclose to the Dealer Member or otherwise ensure were addressed by the exercise of
responsible business judgment influenced only by the best interest of the clients.

The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:

Malik, Mazhar – Notice of Hearing and Statement of Allegations

The alleged violations occurred while Mazhar Malik was a dealing representative with Scotia Securities Inc. in the Ottawa, Ontario area. Mazhar Malik 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.

SOURCE Canadian Investment Regulatory Organization (CIRO)