CIRO confirmed that following this order, Meehan returned all cryptocurrency funds and commissions to investors voluntarily. There were no complaints filed by any of the investors with Assante or CIRO.  

Meehan admitted to contraventions of MFDA Rules 1.1.1(a) and 2.1.4, now incorporated into the Mutual Fund Dealer Rules.  

As part of the settlement, Meehan agreed to a four-month suspension from conducting securities related business with any Dealer Member of CIRO registered as a mutual fund dealer.  

He also agreed to pay a $45,000 fine and $5,000 in costs and committed to comply with the relevant rules in the future. 

Mitigating factors acknowledged by CIRO included the voluntary return of…