Rep sanctioned for personal financial dealings

By James Langton | August 11, 2025 | Last updated on August 11, 2025
2 min read
Individuality
© mediaphotos / iStockphoto

A fund rep who raised over $3 million from several clients to finance the expansion of his business has settled charges that he breached securities rules by engaging in undisclosed personal financial activities with clients.

A hearing panel of the Canadian Investment Regulatory Organization (CIRO) approved a proposed settlement with Jeremy Earl Clark, a former rep with Investia Financial Services in Calgary, who admitted to breaching the self-regulatory organization’s rules.

According to the settlement, between 2019 and October 2022, Clark raised $1.6 million from a handful of clients to fund the expansion of his firm, CH Financial Ltd. It provides various services alongside the fund business, including financial planning, wills and estates services, tax preparation, loans and mortgages and insurance services. The investors became shareholders in the firm as a result.

Additionally, in 2022, the firm borrowed $1.5 million from another client. That money was repaid by mid-2023.

However, by engaging in these transactions and not disclosing them to his dealer, the SRO alleged that Clark violated its rules. It also alleged that he made misleading statements to his dealer when he failed to disclose the arrangements with clients.

According to the settlement, none of the shareholder clients have complained about their investments. They also provided the SRO with letters indicating that they were aware of the risks of investing in the firm and that they want to remain shareholders.

Under the settlement, Clark was fined $80,000, ordered to pay costs of $5,000 and banned from conducting securities-related business for 12 months.

Clark was terminated by his dealer on March 6, 2023, following its investigation into the personal financial dealings. He is not currently registered.

Subscribe to our newsletters

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.