TORONTO, July 16, 2012 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings
in respect of Alex Khodorkovski (the "Respondent"). MFDA staff alleges
in its Notice of Hearing that the Respondent engaged in the following
conduct contrary the By-laws, Rules or Policies of the MFDA:
Allegation #1: In April 2011, the Respondent failed to observe high standards of
ethics and conduct in the transaction of business by falsifying the
signatures of 3 clients on 5 account documents, contrary to MFDA Rule
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Prairie Regional Council on August
16, 2012 at 10:00 a.m. (Mountain) in the MFDA hearing room located at
800 - 6th Avenue S.W., Suite 850, Calgary, Alberta. The purpose of the appearance
is to set a date for the hearing of this matter on its merits and to
address any other procedural matters and will be open to the public,
except as may be required for the protection of confidential matters.
A copy of the Notice of 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
For further information:
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