CIRO said the reasons for decision will be posted to its website once available. 

Majumder committed the misconduct while registered as a dealing representative in the Richmond Hill, Ontario, area with HSBC Investment Funds (Canada) Inc. 

He held registration in British Columbia from May 2019 to February 2022 and in Ontario until August 2023, and he is not currently registered in the securities industry in any capacity. 

The investigation traced back to cryptocurrency trading that Majumder began in 2017, before he entered the securities industry, the statement of allegations shows. 

Enforcement staff alleged he invested jointly with or on behalf of a friend, identified only as DK,…