TORONTO, July 12,
2024 /CNW/ - A disciplinary hearing in the matter of
Joseph Debus, held before a hearing
panel of the Canadian Investment Regulatory Organization (CIRO)
pursuant to the Investment Dealer and Partially Consolidated Rules
on May 13-15 and 17, 2024, will
continue on July 15, 2024.
The hearing concerns allegations that Joseph Debus:
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a)
failed to identify and address a material conflict of
interest;
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b)
violated the terms of his strict supervision by not bringing
transactions for his Dealer Member's approval; and
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c)
facilitated off-book transactions without the knowledge or approval
of his Dealer Member.
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The hearing is open to the public, unless the panel orders
otherwise. The decision of the hearing panel will be made available
at www.ciro.ca.
Hearing Date:
July 15, 2024 at 10:00 am (Eastern Time)
Location:
Toronto (Ontario) via videoconference
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
The Notice of Hearing and Statement of Allegations, which set
out the allegations, are available at:
Debus, Joseph – Notice of Hearing and Statement of
Allegations
The alleged violations occurred while Joseph Debus was a Registered Representative at
Echelon Wealth Partners Inc. Joseph
Debus is not currently employed in the industry.
The Canadian Investment Regulatory Organization (CIRO) is the
national self-regulatory organization that oversees all investment
dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO 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.ciro.ca.
All information about disciplinary proceedings relating to
current and former member firms and individual registrants under
the Investment Dealer and Partially Consolidated
Rules (for investment dealers), the Mutual Fund Dealer
Rules (for mutual fund dealers) and the Universal Market
Integrity Rules (UMIR) is available on CIRO's
website.
Background information regarding the qualifications and
disciplinary history, if any, of advisors currently employed by
CIRO-regulated investment firms is available free of charge through
the AdvisorReport service. Information on how to
make dealer, advisor or marketplace-related complaints is available
by calling 1-877-442-4322.
CIRO 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.
SOURCE Canadian Investment Regulatory Organization (CIRO)