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

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Andrea Burke (chair of the panel), Sandra Blake and Dale R. Ponder
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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.

Préparées par le personnel du Secrétariat de la gouvernance et du Tribunal, les décisions en bref aident le public à mieux comprendre les décisions du Tribunal. Elles ne font pas partie des motifs invoqués par le Tribunal et ne sont pas utilisées dans les procédures judiciaires.