IIROC To Set Date For Disciplinary Hearing Regarding Oakville Investment Advisor Douglas John Eley

18-0219
Type: Enforcement Notice> Hearing

Contact:

Charles Corlett
Director, Enforcement Litigation
Telephone:
Email:
Andrea Zviedris
Manager, Media Relations
Telephone:
Email:

November 30, 2018 (Toronto, Ontario) – An appearance has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) for the purpose of setting a date for the disciplinary hearing in the matter of Douglas John Eley.

Specifically, the allegations are that:

  1. Between May 2015 and November 2015, Mr. Eley altered previously signed client documents, contrary to Dealer Member Rule 29.1.

IIROC formally initiated the investigation into Mr. Eley’s conduct in February 2017. The alleged violations occurred while he was a Registered Representative and Portfolio Manager with the Oakville branch of Echelon Wealth Partners Inc., an IIROC-regulated firm. Mr. Eley is still employed with Echelon Wealth Partners Inc.

The set date appearance is open to the public, unless the Hearing Panel orders otherwise. The date for the discipline hearing will be made available at www.iiroc.ca.

Set Date Appearance:  January 18, 2019 at 10:00 a.m.

Location:  IIROC – 121 King Street West, Suite 2000, Toronto, Ontario

The Notice of Hearing and Statement of Allegations which sets out the allegations is available at: 
Eley, Douglas John – Notice of Hearing and Statement of Allegations

Documents related to ongoing IIROC enforcement proceedings – including Reasons and Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents.

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IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian debt and equity marketplaces.

IIROC investigates possible misconduct by its member firms and/or individual registrants. It can bring disciplinary proceedings which may result in penalties including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by IIROC-regulated firms is available free of charge through the IIROC AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.

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Other Notices associated with this Enforcement Proceeding:

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.