TORONTO, Feb. 19, 2016 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision in connection with a motion brought by Staff of the MFDA ("Staff") by Notice of Motion dated November 13, 2015, which was heard by teleconference on November 24, 2015. In its Reasons for Decision (Motion) dated February 16, 2016, the Hearing Panel outlines its reasons for granting the motion brought by Staff.
A copy of the Reasons for Decision (Motion) is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision (Motion), the Respondent carried on business in Winnipeg, Manitoba.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 99 Members and their approximately 83,000 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, firstname.lastname@example.org; Mark Stott, Vice-President, Prairie Region, 403-215-8329, email@example.com