Ms. Elsa Renzella reports

ENFORCEMENT NOTICE -- HEARING -- IN THE MATTER OF DOUGLAS JOHN ELEY -- DISCIPLINE HEARING

A hearing has been scheduled before a hearing panel of the Investment Industry Regulatory Organization of Canada in the matter of Douglas John Eley.

The hearing concerns allegations that Mr. Eley misrepresented clients' net worth to his member firm by altering and inflating certain amounts on account documentation to get past the firm's suitability requirements and falsely endorsed the signatures of several clients on account documentation and other forms.

The hearing is open to the public, unless the panel orders otherwise. The decision of the hearing panel will be made available at the IIROC website.

Documents related to continuing IIROC enforcement proceedings, including reasons and decisions of hearing panels, are posted on the IIROC website as they become available.

Hearing date:  Oct. 2, 2014, at 10 a.m.

Location:  IIROC offices, B.C. room, 121 King St. West, Suite 2000, Toronto, Ont.

Specifically, the allegations are that:

• From or about August, 2011, to April, 2013, Mr. Eley engaged in conduct unbecoming of a registrant or detrimental to the public interest, in that he made misrepresentations to his firm's compliance staff by inflating certain clients' net worth, contrary to IIROC dealer member rule 29.1.
• From or about August, 2011, to April, 2013, Mr. Eley engaged in conduct unbecoming of a registrant or detrimental to the public interest, in that he falsely endorsed the signatures of several clients on certain client account documentation and other forms, contrary to IIROC dealer member rule 29.1.

IIROC formally initiated the investigation into Mr. Eley's conduct in May, 2013. The alleged violations occurred while he was a registered representative with the Burlington branch of Macquarie Private Wealth Inc. [now Richardson GMP], at the relevant time an IIROC-regulated firm. Mr. Eley is currently working in an unregistered capacity with Chippingham Financial Group, an IIROC-regulated firm.