TORONTO, Sept. 13, 2012 /CNW/ - The MFDA today announced that it has
issued a Notice of Settlement Hearing regarding the presentation,
review and consideration of a proposed settlement agreement by a
Hearing Panel of the MFDA's Pacific Regional Council.
The settlement agreement will be between Staff of the MFDA and Corey
William McPherson (the "Respondent") and involves matters for which the
Respondent may be disciplined by a Hearing Panel pursuant to MFDA
The proposed Settlement Agreement concerns allegations that the
Respondent failed to observe high standards of ethics and conduct in
the transaction of business by falsifying a client signature on a
client account document which was required by the Member in order to
facilitate the completion of the transfer of monies from another
financial institution by ensuring the correct mutual fund was purchased
with the transferred monies, contrary to MFDA Rule 2.1.1(b).
The settlement hearing is scheduled to take place on September 17, 2012
commencing at 10:00 a.m. (Pacific) in the hearing room located at the
Victoria Conference Centre - Level Two, 720 Douglas Street, Victoria,
British Columbia. The hearing will be open to the public, except as may
be required for the protection of confidential matters.
A copy of the Notice of Settlement 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 120 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
For further information:
416-943-4672 or firstname.lastname@example.org