MFDA Hearing Panel makes findings against Gregory Dickson

TORONTO, Sept. 23, 2011 /CNW/ - A disciplinary hearing in the matter of Gregory Dickson (the "Respondent") was held today in Toronto, Ontario before a three-person Hearing Panel of the MFDA's Central Regional Council

An Agreed Statement of Facts was filed prior to the hearing in which the Respondent admitted to all the facts and allegations set out in the Notice of Hearing dated April 20, 2011. 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) a two (2) year prohibition from conducting securities related business in any capacity over which the MFDA has jurisdiction;
(b) the Respondent shall write or re-write and pass an appropriate industry course acceptable to MFDA Staff, prior to being registered in the mutual fund industry;
(c) a fine in the amount of $15,000; and
(d) costs in the amount of $2,500.

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 132 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:

Shaun Devlin
Vice-President, Enforcement
416-943-6472 or sdevlin@mfda.ca


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