TORONTO, May 28 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") today announced that it has commenced disciplinary proceedings against Bradley Monroe Gabrielson (the "Respondent").
MFDA staff alleges in its Notice of Hearing that the Respondent engaged in the following conduct contrary to the By-laws, Rules or Policies of the MFDA:
Allegation 1: On or about October 25, 2004, the Respondent engaged in
securities related business that was not carried on for the account of the
Member or through the facilities of the Member by selling shares in a hotel
project to a client;
Allegation 2: Between December 23, 2002 and September 11, 2007, the
Respondent had and continued in another gainful occupation as the owner and an
officer and a director of a hotel project that was not disclosed to or
approved by the Member; and
Allegation 3: Commencing on August 6, 2008, the Respondent has failed to
provide information concerning a hotel project requested by Staff during the
course of its investigation.
The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Prairie Regional Council in the hearing room located at the offices of the MFDA at 800 - 6th Avenue SW, Suite 850, Calgary, Alberta on June 21, 2010 at 10:00 a.m. (Mountain), or as soon thereafter as the appearance can be held.
The purpose of the first appearance is to schedule the date for the commencement of the hearing of this matter on its merits and to address any other procedural matters. The appearance will be open to the public, except as may be required for the protection of confidential matters.
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 139 Members and their approximately 73,000 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