MFDA Hearing Panel imposes sanctions and issues Reasons for Decision in the matter of Patrick Caicco

TORONTO, Aug. 5, 2015 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision in connection with a disciplinary hearing held in Toronto, Ontario on July 8, 2015 in the matter of Patrick Pasquale Caicco (the "Respondent"). In its Reasons for Decision dated August 4, 2015 (the "Reasons for Decision"), the Hearing Panel imposed the following sanctions on the Respondent:

a)

a permanent prohibition on the Respondent's capacity to conduct securities related
business while in the employ of, or sponsored by, any MFDA Member;

b)

a fine in the amount of $50,000; and

c)

costs in the amount of $5,000.

 

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent conducted business in Ottawa, Ontario.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 103 Members and their over 80,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE Mutual Fund Dealers Association of Canada

For further information: Charles Toth, Director, Litigation, 416-943-4619, ctoth@mfda.ca

RELATED LINKS
http://www.mfda.ca

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