TORONTO, Sept. 26, 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 Prairie Regional Council.
The settlement agreement will be between Staff of the MFDA and Kenneth
Rattenbury (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, between August 26, 2004 and November 18, 2010, maintained
and used 63 photocopies of trade instruction forms signed by clients in
blank to process trades in the accounts of 10 clients, thereby failing
to observe high standards of ethics and conduct in the transaction of
business, contrary to MFDA Rule 2.1.1(b).
The settlement hearing is scheduled to take place on October 17, 2012 at
10:00 a.m. (Mountain) in the hearing room located at the Shaw
Conference Centre, 9797 Jasper Avenue Northwest, Edmonton, Alberta. 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 email@example.com