December 6, 2022 (Toronto, Ontario) – The decision of the Ontario Securities Commission in the matter of Joseph Debus dated August 31, 2021 was reviewed by the Ontario Superior Court of Justice Divisional Court (Divisional Court) on October 18, 2022.
The Divisional Court’s November 14, 2022 decision dismissed Mr Debus’ appeal and ordered him to pay costs of $5,000 to IIROC.
The Divisional Court’s decision will be made available at www.canlii.org
The OSC’s decision is available at: Debus (Re), 2021 ONSEC 22
The Hearing Panel’s liability decision is available at: Debus (Re), 2019 IIROC 05
The Hearing Panel's penalty decision is available at: Debus (Re), 2019 IIROC 18
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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.
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.
IIROC is the pan-Canadian self-regulatory organization that 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 174 Canadian investment dealer firms of varying sizes and business models, and their more than 32,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.
Other Notices associated with this Enforcement Proceeding:
07/24/19Toronto Investment Advisor Joseph Debus Seeks Review of IIROC DecisionsType: Enforcement NoticeSubtype: Hearing
07/24/19IIROC Hearing Panel Orders Fines and Suspension for Toronto Investment Advisor Joseph DebusType: Enforcement NoticeSubtype: Decision
04/01/19IIROC Hearing Panel Finds Toronto Investment Advisor Joseph Debus LiableType: Enforcement NoticeSubtype: Decision
04/16/19IIROC to Hold Penalty Hearing for Toronto Investment Advisor Joseph DebusType: Enforcement NoticeSubtype: Hearing
01/03/19IIROC Hearing Panel Issues Motion Decision in the Matter of Toronto Investment Advisor Joseph DebusType: Enforcement NoticeSubtype: Decision
01/29/18IN THE MATTER OF Joseph Debus – AdjournmentType: Enforcement NoticeSubtype: Hearing
11/02/17IN THE MATTER OF Joseph Debus – Discipline HearingType: Enforcement NoticeSubtype: Hearing
07/17/17IN THE MATTER OF Joseph Debus – Appearance to set a hearing dateType: Enforcement NoticeSubtype: Hearing
10/07/21IN THE MATTER OF Joseph Debus – Review DecisionType: Enforcement NoticeSubtype: Decision