The Canadian Investment Regulatory Organization (CIRO) has scheduled an interim appearance for Donald Edward McMillan on July 8, 2026, at 10:00 a.m. Pacific Time, pursuant to the Mutual Fund Dealer Rules. The hearing will be held via videoconference in Vancouver, British Columbia, and is open to the public unless the hearing panel orders otherwise.
Allegations Against Donald McMillan
The hearing concerns allegations that Donald McMillan recommended, sold, or facilitated the sale of investments in one or more non-arm’s length companies to clients and other individuals, thereby engaging in securities related business that was not carried on for the account or through the facilities of the Dealer Member. Additionally, he is alleged to have engaged in unapproved outside activities involving the sale of investments in one or more businesses outside of the Dealer Member, and by incorporating a company and holding positions of officer or director in one or more companies.
The alleged violations occurred while Donald McMillan was a Dealing Representative with Portfolio Strategies Corporation in the Vancouver, British Columbia area. Donald McMillan is not currently registered in the securities industry in any capacity.
Public Access and Further Information
Members of the public who wish to observe the interim appearance or obtain further particulars should fill out the form available on CIRO’s website. The Notice of Hearing and Statement of Allegations, which set out the allegations in detail, are also available on the CIRO website.
CIRO is the pan-Canadian self-regulatory organization that oversees all investment dealers, mutual fund dealers, and trading activity on Canada’s debt and equity marketplaces. It is committed to investor protection, efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments.
CIRO’s Role and Disciplinary Process
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. All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules, the Mutual Fund Dealer Rules, and the Universal Market Integrity Rules is available on CIRO’s website.
Background information regarding the qualifications and disciplinary history 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.
