TORONTO, July 3, 2012 /CNW/ - The MFDA today announced that it has
commenced disciplinary proceedings in respect of Scott Kelly (the
"Respondent"). MFDA staff alleges in its Notice of Hearing that the
Respondent engaged in the following conduct contrary the By-laws, Rules
or Policies of the MFDA:
Allegation #1: In June 2011, the Respondent falsified the signatures of clients WG and
CD on a client account document, contrary to MFDA Rule 2.1.1.
Allegation #2: Commencing in September 2011, the Respondent has failed or refused to
provide documents and information, and to attend an interview requested
by the MFDA during the course of an investigation, contrary to s. 22.1
of MFDA By-Law No. 1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Central Regional Council on August
21, 2012 at 11:00 a.m. (Eastern) in the MFDA hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the
appearance is to set a date for the hearing of this matter on its
merits and to address any other procedural matters and will be open to
the public, except as may be required for the protection of
A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca.
The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business
conduct of its 121 Members and their approximately 75,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
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