IIROC sets date for Ilias hearing

By John Powell | February 3, 2011 | Last updated on February 3, 2011
1 min read

Christos Orestes Ilias will face allegations that he failed to fully advise a client about the fees associated with an investment at an IIROC hearing on April 19th.

Ilias is accused of engaging in conduct unbecoming and detrimental to the public interest, contrary to IIROC Rule 29.1, by recommending a mutual fund investment to his clients in July, 2007.

Those clients were a married couple with a joint account. It is alleged that Ilias failed to advise them that they would have to pay an early redemption fee if they decided to sell before a particular date.

Ilias was a Registered Representative with the Carlisle, Ontario branch of Edward Jones, an IIROC-regulated firm at the time. He is currently employed at that branch.

John Powell