Decision in brief: Odorico, Application for Hearing and Review, January 25, 2024

Citation and CanLII Link
Andrea Burke (chair of the panel), Sandra Blake and Dale R. Ponder
Date of Reasons:
File Number:
Hearing Type:
Applicants / Respondents:
Mark Odorico

In an earlier decision, the Tribunal decided that the Canadian Investment Regulatory Organization (CIRO) should reconsider its decision that Mark Odorico misused $150,000 he received from two clients. The Tribunal also reduced by $150,000 the amount of money that Odorico must disgorge (give up to CIRO).

The Tribunal asked the parties whether that earlier decision should affect any of the other sanctions or costs that CIRO ordered.

In this decision, the Tribunal decided to reduce by $10,000 one of the fines that CIRO imposed, because that fine was related to whether Odorico misused the $150,000. The Tribunal did not make any other changes.

Decisions in brief are prepared by Governance & Tribunal Secretariat staff to help the public better understand Tribunal decisions. They do not form part of the Tribunal’s reasons and are not for use in legal proceedings.