TORONTO, May 7, 2013 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") has withdrawn the
allegations in the Notice of Hearing dated January 30, 2012 in respect
of James E. Sellars (the "Respondent"), and the disciplinary proceeding
against the Respondent is concluded. As a result, the motion previously
scheduled for May 9, 2013 in Moncton, New Brunswick will not take
place. The MFDA's decision was based upon a reassessment of the case.
The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business
conduct of its 116 Members and their approximately 80,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE: Mutual Fund Dealers Association of Canada
For further information:
Director of Litigation