# BMO NESBITT BURNS SECURITIES LTD.

BMO NESBITT BURNS SECURITIES LTD. of TORONTO, ONTARIO is an SEC-registered investment adviser.

## Registration

- CRD: 281337
- Type: SEC-registered investment adviser
- SEC file number: 801-107176
- Location: 1 FIRST CANADIAN PLACE, TORONTO, ONTARIO, M5X 1A1
- Phone: 416-624-5509
- Latest filing: 2026-08-05
- Regulatory AUM: $1.2B
- Discretionary AUM: $1.2B
- Clients: 303
- Accounts: 1,330

## Business model

- Compensation: % of AUM
- Clients served: Individuals, High net worth, Pooled vehicles

## Officers, owners & control persons (26)

_Showing 25 of 26 people._

| Name | Role | Location |
| --- | --- | --- |
| Stephanie Ann Lake | DIRECTOR | Chicago, IL |
| William A L Brown | DIRECTOR | — |
| Bruce Aaron Ferman | CHAIRMAN OF THE BOARD | — |
| Devanand Nmn Persaud | PRESIDENT | — |
| Stephen Michael Gigliotti | CHIEF COMPLIANCE OFFICER | — |
| Ian Kenneth Narine | CFO | — |
| Mauro Rigante | DIRECTOR | — |
| YOUNG ROGER EDWARD | DIRECTOR; DIRECTOR/PRESIDENT/CEO | — |
| WORF JEFFREY ALLEN | CHIEF COMPLIANCE OFFICER | — |
| BROWN RUSSELL L | DIRECTOR | — |
| LAKE STEPHANIE ANN | CFO; DIRECTOR | — |
| PIERCE CLARE KATHRYN | DIRECTOR | — |
| FERMAN BRUCE AARON | CHAIRMAN OF THE BOARD; DIRECTOR | — |
| PERSAUD DEVANAND | DIRECTOR | — |
| SHILTON KIMBERLY DIANE | CHIEF COMPLIANCE OFFICER | — |
| PERES TAMARA | PRESIDENT | — |
| PERES TAMARA NMN | CHIEF COMPLIANCE OFFICER; CHIEF EXECUTIVE OFFICER; PRESIDENT | — |
| PERSAUD DEVANAND NMN | DIRECTOR; PRESIDENT | — |
| PLASTOW LESLIE LEROY | CCO | — |
| Goel Sarah | DIRECTOR | — |
| MCMILLAN DARREN CHARLES | CHIEF COMPLIANCE OFFICER | — |
| Marks Lesley | DIRECTOR | — |
| GIGLIOTTI STEPHEN MICHAEL | CHIEF COMPLIANCE OFFICER | — |
| Macdonald Stephen Everett Ades | DIRECTOR | — |
| FINNEY BENJAMIN RODNEY | PRESIDENT | — |


## Disclosures (28)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2024-03-28 | regulatory | BETWEEN DECEMBER 2017 AND MAY 2019, BMO NBI FAILED TO IMPLEMENT A SYSTEM OF SUPERVISION AND CONTROL IN RESPECT OF THE TRADING ACTIVITY (I.E. SHORT SELLING GOVERNMENT OF CANADA FIXED INCOME AND USING THE PROCEEDS TO INVEST IN PREFERRED SHARES) IN THE CLIENT ACCOUNTS, PARTICULARLY WITH RESPECT TO THE… | Final | $1.7M |
| 2023-08-08 | regulatory | THE U.S. COMMODITY FUTURE TRADING COMMISSION ("CFTC") ALLEGED THAT, FROM AT LEAST 2019 THROUGH THE DATE OF THE ORDER, BANK OF MONTREAL ("BMO") (I) FAILED TO KEEP CERTAIN REQUIRED RECORDS IN VIOLATION OF SECTIONS 4S(F)(1)(C) AND 4S(G)(1) AND (3) OF THE COMMODITY EXCHANGE ACT ("CEA") AND CFTC REGULATI… | Final | $35.0M |
| 2022-10-04 | regulatory | BETWEEN JANUARY 2011 AND MARCH 31, 2017, BMO NBI FAILED TO ADEQUATELY SUPERVISE THE ACTIVITIES OF AN RR IN RELATION TO THE ACCOUNTS BOTH ON THE TIER 1 AND TIER 2 COMPLIANCE LEVELS CONTRARY TO DEALER MEMBER RULES 38.1 AND 2500. | Final | $125K |
| 2018-09-13 | regulatory | WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT INCORRECTLY CALCULATED ITS NET CAPITAL CAUSING IT NOT TO CONTINUOUSLY MAINTAIN ITS REQUIRED LEVEL OF NET CAPITAL. THE FINDINGS STATED THAT THE FIRM HAD A NET CAPITAL REQUIREMENT OF $25… | Final | $75K |
| 2015-02-05 | regulatory | IN ITS STATEMENT OF ALLEGATIONS, OSC STAFF ALLEGED TO THE OSC COMMISSION THAT THERE WERE INADEQUACIES IN THE BMO REGISTRANTS' SYSTEMS OF CONTROLS AND SUPERVISION WHICH FORMED PART OF THEIR COMPLIANCE SYSTEMS WHICH RESULTED IN CERTAIN CLIENTS OF THE BMO REGISTRANTS PAYING, DIRECTLY OR INDIRECTLY, EXC… | Final | — |
| 2012-04-03 | regulatory | FAILURE TO ADOPT ADEQUATE POLICIES AND PROCEDURES TO PREVENT THE SUBMISSION OF ERRONEOUS ORDERS INTO THE TMX MARKET ON CLOSE FACILITY. | Final | $55K |
| — | regulatory | — | — | — |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/281337/brochure
- Similar advisers: https://search.stillhousedata.com/firm/281337/similar
- Related entities: https://search.stillhousedata.com/firm/281337/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/281337

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.