TORONTO, Jan. 19 /CNW/ - A disciplinary hearing in the matter of Daniel Leon Edward Moyaert (the "Respondent") was held today before a Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") in Toronto, Ontario.
The Hearing Panel found that Allegation No. 1 in the Notice of Hearing, set out below, had been established:
Allegation No. 1: Commencing October 2008, by failing to comply with a
request by MFDA Staff that he provide a written statement concerning
matters under investigation, the Respondent has failed to cooperate with
an MFDA investigation, contrary to sections 22.1 and 22.2 of MFDA By-law
The Hearing Panel made the following orders at the conclusion of the hearing and advised that it would issue written reasons for its decision in due course:
- A fine in the amount of $50,000;
- A permanent prohibition on the authority of the Respondent to conduct
securities related business in any capacity while in the employ of or
associated with any MFDA Member; and
- Costs in the amount of $5,000.
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 141 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: For further information: Shaun Devlin, Vice-President, Enforcement, (416) 943-4672 or email@example.com