For Immediate Release
Staff of the Manitoba Securities Commission Seek
Cancellation of Real Estate Broker’s Licence
Winnipeg, MB; March 24, 2014 – Staff of the Manitoba Securities Commission (MSC) have issued a notice of hearing and statement of allegations against Winnipeg real estate broker David Douglas, alleging numerous violations of the Real Estate Brokers Act (REBA) and the Mortgage Brokers Act (MBA) related to real estate and mortgage transactions involving three Winnipeg properties. Staff of the MSC are seeking cancellation of Douglas’s registration under REBA and further sanctions under MBA.
Staff are also seeking to cancel the registration of Douglas’s company, Homelife Village Realty, and of Geraldine Douglas, the company’s authorized official who is alleged to have failed to supervise the business transactions and conduct.
A copy of the statement of allegations is available at: http://www.msc.gov.mb.ca/legal_docs/investigation/hearings/douglassoa.pdf
These allegations have not been proven. The first appearance is set for April 23, 2014 at 9:00 a.m. A notice of hearing is available at: http://www.msc.gov.mb.ca/legal_docs/investigation/hearings/douglas.pdf
Information regarding enforcement proceedings can be found in the Enforcement section of the MSC website.
The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.
Media Contact Information:
Manitoba Securities Commission