OSC Panel Issues Decision Regarding The Temporary Order Against Alexander Christ Doulis and Liberty Consulting Ltd.

TORONTO, Sept. 12, 2011 /CNW/ - In a decision released today, an Ontario Securities Commission panel issued its reasons supporting the issuance of a temporary cease trade order against Alexander Christ Doulis (aka Alexander Christos Doulis, aka Alexandros Christodoulidis) ("Doulis") and Liberty Consulting Ltd. ("Liberty").

The Temporary Order relates to allegations brought by Commission Staff that, between January 1, 2004 and September 2010, Doulis and Liberty advised in securities without registration, contrary to the Securities Act (Ontario).  Staff have also alleged that Doulis misled Staff during their investigation of his conduct.

The Commission panel found that, "it appears to us that Doulis is giving investment advice to the Ontario Clients and that they are paying him for that advice, although indirectly, through Liberty."

The panel's decision reaffirmed the principle that "the Act's requirements for registration are critical to the Commission's ability to protect investors and ensure that those who participate in Ontario's capital markets on behalf of investors meet the required standards for proficiency, solvency and integrity."

A Statement of Allegations in this matter was issued on January 14, 2011, and is available on the OSC website at www.osc.gov.on.ca. A hearing on the merits will be scheduled.

SOURCE Ontario Securities Commission

For further information:

For Media Inquiries:  media_inquiries@gov.on.ca

Wendy Dey
Director, Communications & Public Affairs

Carolyn Shaw-Rimmington
Manager, Public Affairs

Dylan Rae
Media Relations Specialist
For Investor Inquiries:  OSC Contact Centre
1-877-785-1555 (Toll Free)


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