Quebec provincial police Monday arrested financial advisor Earl Jones.

Earlier in July, Quebec’s securities regulator ordered the assets of Montreal investment firm Earl Jones Corp. frozen after several investors came forward complaining they had stopped receiving payments, and Jones could not be reached.

The Autorité des marchés financiers said based on information it has collected, Jones is suspected of diverting between $30 million and $50 million in investments belonging to about 50 investors.

The allegations against Jones have not been proved in court.

Jones had not been heard from since disappearing earlier this month.

He is expected to appear in court in Montreal on Tuesday.

IE