class in: Offers
Theme : law / legal issues
VANCOUVER, BC, March 30, 2023 /PRNewswire/ — A motion was filed on March 9, 2023 before a hearing panel of the Investment Dealers Division of Canada’s New Self-Regulatory Organization (New SRO) in the matter of Donald Warren Metcalfe (respondent). Hearing of motion adjourned to August 15, 2023.
The motion relates to disciplinary proceedings against Mr. Metcalfe (the defendant) based on allegations that he engaged in fraudulent behavior in relation to loans and failed to cooperate with law enforcement officials who were conducting an investigation. The defendant requests that the disciplinary proceedings be stayed.
The hearing shall be public unless the hearing panel decides that it should be held in camera. The hearing panel’s decision will be made available to the public at www.iiroc.ca.
hearing date:The hearing will be held via videoconference on August 15, 2023 at 10 a.m. PT.
The hearing notice and statement of allegations can be accessed by clicking on the following link:
Gary Man Kin Ng and Donald Warren Metcalfe – Notice of Hearing and Statement of Allegations
The Investment Dealers Division of the new SRO officially opened the investigation into the Respondent’s conduct in February 2020. The alleged violations were allegedly committed when the defendant was a director and officer of PI Financial Corp. and Chippingham Financial Group Limited. The Respondent is no longer a registrant with a firm regulated by the new SRO.
All information on disciplinary proceedings relating to current and former member firms can be found in the Disciplinary Matters section of the IIROC website.
Information on the qualifications and any disciplinary career of consultants who are employed in companies that are subordinate to the new SRO (Investment Dealers division) can be obtained free of charge from the Info-Berater-Service. an investment dealer, advisor or marketer, simply dial 1-877-442-4322.
The new SRO investigates possible misconduct by its member companies or persons registered with it. It may institute disciplinary proceedings which may result in sanctions such as fines, suspensions, permanent ban from registration, expulsion of a Dealer Member or revocation of the rights and privileges of registration or of a Broker Member.
The New Canadian Self-Regulatory Organization (new SRO) is the pan-Canadian self-regulatory body that oversees all investment dealers and mutual fund dealers and all transactions in the stock and securities markets in Canada. Performing the regulatory functions that would be performed by the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, the new SRO is committed to protecting investors, ensuring effective and consistent regulation, and enhancing trust of Canadians in the financial regulations and the people who take care of their investments. For more information, visit www.canadasnewselfregulatoryorganization.ca.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – General interest news
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Press release sent on March 30, 2023 at 09:00 and distributed by:
