MFDA Hearing Panel issues Reasons for Decision in the matter of Kathleen Hounsome

TORONTO, June 24, 2015 /CNW/ - A Hearing Panel of the Pacific 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 Vancouver, British Columbia on May 7, 2015 in the matter of Kathleen Hounsome (the "Respondent"). At the hearing the parties filed an Agreed Statement of Facts (the "Agreed Statement of Facts") in which the Respondent admitted to facts constituting contraventions of MFDA By-laws, Rules or Policies. 

In its Reasons for Decision dated June 23, 2015, the Hearing Panel confirmed the sanctions imposed on the Respondent, namely:

  • a prohibition from conducting securities related business in any capacity while in the employ of or associated with any MFDA Member for a period of six (6) months; and
  • costs in the amount of $2,500.

Copies of the Reasons for Decision and the Agreed Statement of Facts are available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in Duncan and Chemainus, British Columbia.

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 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; Jeff Mount, Vice-President, Pacific Region, 604-694-8846, jmount@mfda.ca

RELATED LINKS
http://www.mfda.ca

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890