TORONTO, July 18, 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 Central Regional Council.
The settlement agreement will be between Staff of the MFDA and Michel
Joseph Landry (the "Respondent") and involves matters for which the
Respondent may be disciplined by a Hearing Panel pursuant to MFDA
By-laws. The proposed agreement concerns allegations that between at
least March 1, 2008 and September 30, 2010, the Respondent obtained and
maintained pre-signed forms in respect of numerous client accounts and
used the forms to process redemptions in the accounts on or about 8
occasions, contrary to MFDA Rule 2.1.1.
The settlement hearing is scheduled to take place on August 22, 2012
commencing at 10:00 a.m. (Eastern) in the MFDA hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario. The hearing will be
open to the public, except as may be required for the protection of
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 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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