TORONTO, Jan. 15, 2013 /CNW/ - The MFDA commenced a disciplinary proceeding in respect of Scott Michael
Kelly by Notice of Hearing dated June 22, 2012.
Submissions with respect to misconduct took place before a three-person
Hearing Panel of the MFDA's Central Regional Council on October 11,
2012. In its Decision and Reasons (Misconduct) dated October 23, 2012,
the Hearing Panel found that the allegations made against the
Respondent had been established.
Submissions with respect to penalty took place today in Toronto, Ontario
before the Hearing Panel. The Panel reserved its decision as to penalty
and advised that it will issue its decision and written reasons in due
Copies of the Notice of Hearing and Decision and Reasons (Misconduct) are 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 116 Members and their approximately 80,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE: Mutual Fund Dealers Association of Canada
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