Winnipeg Free Press - PRINT EDITION
Posted: 03/26/2014 1:00 AM | Comments: 0
The Manitoba Securities Commission has charged local real estate broker David Douglas with numerous violations under the Real Estate Brokers Act (REBA) and the Mortgage Brokers Act (MBA).
The commission said Tuesday the allegations, which have not been proven, relate to real estate and mortgage transactions involving three Winnipeg properties.
The commission is seeking to cancel Douglas's registration under the REBA, as well as further sanctions under the MBA. It's also seeking to cancel the registration of his company, Homelife Village Realty, and Geraldine Douglas, the company's authorized official who is alleged to have failed to supervise business transactions and conduct.
A public hearing into the allegations is set for next month at the MSC offices.
A number of local investors filed lawsuits last year against Douglas, claiming they lost thousands of dollars in real estate dealings involving him and his companies.
Republished from the Winnipeg Free Press print edition March 26, 2014 B7
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
GSK completes transaction with Novartis
Grain mostly higher, livestock higher
US construction spending down 1.1 per cent in January
Beyond big-box: Transition away from mega-stores bodes well for urban landscape
US manufacturing slows as output and hiring weaken
US stocks open slightly higher; Freescale jumps on deal
LSAM honours award winners
Norfolk Southern names James Squires as CEO
RBC PMI shows contraction in February
Supreme Court won't hear appeal in foam class action case
HP's big deal: Tech giant buys Aruba Networks for $2.7B
EU nations get power to ban genetically-modified crops
Labor disputes disrupt SAS, Norwegian flights in Scandinavia
Cardinal Health offers to buy J&J unit for about $1.94B
Germany's Merkel: want good future in eurozone for Greece
Consumer spending drops 0.2 per cent in January
EU moves to reduce use of flimsy plastic bags by 80 per cent
Loonie lower ahead of rate announcement
Costco strikes credit card deal with Citi, Visa
Mining, tech stocks help push TSX higher
Russia, Ukraine hold emergency gas talks as cutoff looms
Buffett says US economy continues growing at moderate rate
Texas oil company: Sahara offshore test well not commercial
Small SUVs, pricey sports cars to dominate Geneva auto show
Pollution documentary attracts huge interest in China
Buffett praises IBM, ExxonMobil even after selling oil firm
EDC provides US$450M loan to SAfrica rail
Germany's RWE completes oil and gas sale to Russian investor
Buffett declines to clarify plan to eventually replace him
Milestones for the Nasdaq composite index
The Nasdaq composite index, then and now
Dot-com deja vu: Nasdaq closes in on its record high
Eurozone gets double dose of mildly positive economic news
Revenues up for real estate trust
Tourism thrives in Malaysia despite association with tragedy
Next Google Maps adventure: Soaring through Amazon jungle
Dearth of jobs a barrier to post-bankruptcy Detroit's growth