MFDA Hearing Panel makes findings against Wayne Larson



    TORONTO, Aug. 28 /CNW/ - A disciplinary hearing in the matter of Wayne
Larson was held yesterday before a Hearing Panel of the Prairie Regional
Council of the Mutual Fund Dealers Association of Canada ("MFDA") in Edmonton,
Alberta.
    The Hearing Panel found that the three allegations set out by MFDA staff
in the Notice of Hearing dated July 2, 2008 had been established. 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 permanent prohibition on the authority of Mr. Larson to conduct
        securities related business while in the employ of, or associated
        with, any MFDA Member,

    -   A fine in the aggregate amount of $250,000 in respect of the three
        allegations set out in the Notice of Hearing, and

    -   Costs attributable to conducting the investigation and prosecution of
        the matter in the amount of $7,500.
    

    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 145 Members and their approximately 75,000 Approved Persons with a
mandate to protect investors and the public interest.





For further information:

For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or sdevlin@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