TORONTO, March 28, 2013 /CNW/ - A Settlement Hearing in the matter of Grant Bryan Page (the
"Respondent") was held yesterday in Winnipeg, Manitoba before a Hearing
Panel of the MFDA's Prairie Regional Council.
The Hearing Panel accepted the Settlement Agreement between MFDA Staff
and the Respondent, as a consequence of which the Respondent has paid a
fine of $5,000 and $2,500 in costs. The Respondent also agreed to
comply in future with all MFDA By-laws, Rules and Policies, and all
applicable securities legislation and regulations, including MFDA Rule
In the Settlement Agreement, the Respondent admitted that between
November 2007 and June 2011 he engaged in a practice unbecoming an
Approved Person by maintaining and using partially completed and blank
forms signed by clients to conduct Member business, contrary to MFDA
The Hearing Panel advised that it will issue written reasons for its
decision in due course. A copy of the Settlement Agreement 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 115 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
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