MFDA Hearing Panel Approves Settlement Agreement with John A. Moro



    TORONTO, Nov. 19 /CNW/ - A Settlement Hearing in the Matter of John A.
Moro was held today before a Hearing Panel of the Central Regional Council of
the Mutual Fund Dealers Association of Canada ("MFDA"). The Hearing Panel
approved the Settlement Agreement between the MFDA and John Moro. The
following is a summary of the Order made by the Hearing Panel:

    
    (a)    Mr. Moro shall surrender his registration as Branch Manager within
           5 business days of today and shall be prohibited from acting in a
           supervisory capacity with a Member of the MFDA for a period of two
           (2) years from today;
    (b)    Mr. Moro shall rewrite the appropriate proficiency examination
           prior to becoming re-registered in any supervisory capacity with a
           Member of the MFDA;
    (c)    Mr. Moro shall pay a fine in the amount of $5,000; and
    (d)    Mr. Moro shall pay costs in the amount of $2,500
    

    The Hearing Panel advised that it would issue written reasons in due
course.
    A copy of the Order and Settlement Agreement are available on the MFDA
website at www.mfda.ca.

    The Mutual Fund Dealers Association of Canada is the self-regulatory
organization for Canadian mutual fund dealers. The MFDA regulates the
operations, standards of practice and business conduct of its 162 Members and
their approximately 75,000 Approved Persons with a mandate to protect
investors and the public interest.




For further information:

For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or sdevlin@mfda.ca


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