TORONTO, Aug. 18 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced disciplinary proceedings
against Cory Edwin Griffiths (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
Allegation No. 1: Between June 2008 and October 2008, the Respondent
falsified client initials, client signatures and other information on the
account opening documents of clients MB, TB and CB, contrary to
MFDA Rule 2.1.1.
Allegation No. 2: In October 2008, the Respondent interfered with the
ability of the Member to conduct a reasonable supervisory investigation
of the Respondent's conduct by providing false and misleading responses
to the Member in the course of its investigation, before admitting in
whole or in part to the falsifications, contrary to MFDA Rules 1.1.2 and
2.5.1 and MFDA Rule 2.1.1.
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, 800 - 6th Avenue S.W., Suite 850,
Calgary, Alberta, on October 26, 2009 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 first appearance will be open to the public,
except as may be required for the protection of confidential matters. Members
of the public attending the first appearance will be able to listen to the
proceeding by teleconference.
A copy of the Notice of Hearing is available on the MFDA website at
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 firstname.lastname@example.org