IN THE MATTER OF Franco Caligiuri – Adjournment

Vancouver (British Columbia), October 22, 2024 - A hearing was initially scheduled under the Mutual Fund Dealer Rules before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) in the matter of Franco Caligiuri to be held on December 9-11, 2024. The hearing has been adjourned to March 3-5, 2025.

The hearing is open to the public, unlessthe hearing panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.

New Hearing Dates: March 3-5, 2025 at 10:00 am (Pacific Time)

Location: Vancouver, British Columbia by videoconference

Members of the public who would like to obtain further particulars should fill out this questionnaire.

The hearing concerns allegations that Franco Caligiuri referred clients to an individual or company that offered for sale exempt securities, and received referral fees for doing so, thereby participating in a referral arrangement to which the Dealer Member was not a party; and made a false or misleading statement to the Dealer Member during the course of a sub-branch review.

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

Caligiuri, Franco - Notice of Hearing and Statement of Allegations

At all material times, Franco Caligiuri conducted business at Quadrus Investment Services Ltd. in the Burnaby, British Columbia area. Franco Caligiuri is currently employed by and registered with a CIRO-regulated firm.