The Alberta Securities Commission (ASC) has permanently banned Michael Rowland Tomkins from participating in Alberta’s capital market after the Canadian Investment Regulatory Organization (CIRO) sanctioned him for misappropriating client funds. An ASC panel order requires Tomkins to permanently cease trading in or purchasing any securities or derivatives, with all exemptions under Alberta securities laws no longer applying to him. The order also permanently prohibits him from acting as a director or officer of a wide range of market entities, and from engaging in investor relations, advising in securities or derivatives, becoming or acting as a registrant, investment fund manager or promoter, or acting in a management or consultative capacity in connection with securities market activities. The action follows a February 2025 CIRO settlement in which Tomkins admitted to misappropriating CAD 1,688,500 from two clients between February 2019 and July 2023, including deliberately deceiving elderly and vulnerable clients and his employer to avoid detection; CIRO sanctions included permanent industry bans and monetary sanctions.
Alberta Securities Commission 2026-02-05
Alberta Securities Commission permanently bans Michael Rowland Tomkins from Alberta’s capital markets following CIRO sanctions for misappropriating CAD 1.69 million
The Alberta Securities Commission has permanently banned Michael Rowland Tomkins from Alberta’s capital market following a Canadian Investment Regulatory Organization settlement where he admitted to misappropriating CAD 1,688,500 from clients. The order prohibits him from trading, acting as a director or officer, engaging in investor relations, and other securities market activities.