(Vancouver, British Columbia) – March 30, 2023 – A motion was held before a hearing panel of the Investment Dealer Division of the New Self-Regulatory Organization of Canada (New SRO) in the matter of Donald Warren Metcalfe on March 9, 2023. The motion was adjourned to August 15, 2023.
The motion relates to a disciplinary proceeding initiated against Mr. Metcalfe, which alleges that he engaged in fraudulent conduct with respect to loan financing and failed to cooperate with Enforcement Staff who were conducting an investigation. The Respondent is seeking an order that the disciplinary proceeding be stayed.
The hearing is open to the public, unless the hearing panel orders otherwise. The decision of the hearing panel will be made available at www.iiroc.ca.
Hearing Date: The hearing will be held by way of videoconference on August 15, 2023 at 10:00 a.m. PST
The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:
Gary Man Kin Ng and Donald Warren Metcalfe – Notice of Hearing and Statement of Allegations
The Investment Dealer Division of New SRO formally initiated the investigation into the respondent’s conduct in February 2020. The alleged violations occurred while the respondent was a Director and Executive with PI Financial Corp. and Chippingham Financial Group Limited. The respondent is no longer a registrant with a New SRO-regulated firm.
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All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the legacy IIROC website.
Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by New SRO-regulated firms (Investment Dealer Division) is available free of charge through the AdvisorReport service. Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1 877 442-4322.
New SRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
New Self-Regulatory Organization of Canada (New SRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA), and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.newselfregulatoryorganizationofcanada.ca.
Other Notices associated with this Enforcement Proceeding:
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