Disciplinary Hearing for Sandly Alteon to Continue

Toronto (Ontario), October 24, 2024 - A hearing was held before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules in a matter between Enforcement Staff and Sandly Alteon on October 17 - 18, 2024. The hearing will continue on November 7-8, 2024.

The hearing concerns allegations that Sandly Alteon:

1. engaged in personal financial dealings with a client, giving rise to a conflict or potential conflict of interest that the Respondent failed to disclose to the Dealer Member or otherwise address by the exercise of responsible business judgment influenced only by the best interests of the client;
2. engaged in outside activities that were not disclosed to or approved by the Dealer Member; and
3. failed to cooperate with an investigation into the Respondent's conduct by Staff of CIRO.

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 7-8, 2024 at 10:00 am (Eastern Time)

Location: Toronto, Ontario by videoconference

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

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

Alteon, Sandly - Notice of Hearing and Statement of Allegations

At all material times, Sandly Alteon conducted business in the Laval, Quebec area. Sandly Alteon is not currently registered in the securities industry in any capacity.