CIRO has scheduled a settlement hearing for Goldman Sachs Canada Inc. on 16 November 2026 at 10 a.m. Eastern Time. Its 21 October notice says the proposed agreement addresses allegations that the dealer failed to include proper designations on numerous orders entered on CIRO-regulated marketplaces. The panel has yet to decide whether to accept the agreement.[1]
The notice identifies the Canadian dealer as the respondent and gives no penalty amount or detailed breakdown of the affected orders. CIRO’s proceeding page, checked on 29 October, continues to list the case as active and shows the hearing notice as the published case document.[1][3]
What the order labels do
UMIR 6.2 requires identifiers and, where relevant, designations that describe an order or the capacity in which it is entered. Examples include principal orders, short sales and orders for insiders. The rule distinguishes information supplied to the market regulator from information displayed publicly: some required designations are not shown in a consolidated market display. Those are examples from the rule, not a statement that each is involved in the Goldman case.[2]
Hearing and publication timetable
| Item | Published position |
|---|---|
| Respondent | Goldman Sachs Canada Inc., a CIRO-registered dealerSource 1 |
| Proceeding began | 8 October 2026, according to the case pageSource 3 |
| Notice issued | 21 October 2026Source 1 |
| Settlement hearing | 16 November 2026, 10 a.m. Eastern TimeSource 1 |
| Location in the hearing notice | Toronto, by videoconferenceSource 1 |
| Public access and documents | Hearing opens to the public if the panel accepts; agreement and decision then publishedSource 1 |
Order classifications matter because they form part of the information available for market oversight. A properly priced and executed order can still carry incorrect regulatory metadata. The notice does not establish the cause, duration or market impact of the alleged errors, so those details await the agreement or decision.[2][1]
The next scheduled step is the panel’s consideration of the agreement. CIRO says people seeking further hearing particulars should use its public inquiry process. The published notice supports a pending settlement hearing, rather than an accepted settlement or a sanction already imposed.[1]
Sources & further reading
- CIRO to hold a settlement hearing for Goldman Sachs Canada Inc., Notice 26-0219 Canadian Investment Regulatory Organization · 21 Oct 2026 · Accessed 29 Oct 2026
- Universal Market Integrity Rules — regulatory framework for Canadian marketplace orders Canadian Investment Regulatory Organization · Accessed 29 Oct 2026
- Goldman Sachs Canada Inc. — enforcement proceeding Canadian Investment Regulatory Organization · Accessed 29 Oct 2026