TORONTO, March 28 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced disciplinary proceedings
against John Quigley.
MFDA staff alleges in its Notice of Hearing that Mr. Quigley engaged in
the following conduct contrary to the By-laws, Rules or Policies of the MFDA:
Allegation No.1: Between June 2003 and November 2006, the Respondent
misappropriated approximately $239,000 from six clients, thereby failing
to deal with the clients fairly, honestly and in good faith, contrary to
MFDA Rule 2.1.1(a).
Allegation No.2: Commencing October 20, 2005, the Respondent failed to
attend and to give information to the MFDA during the course of an
investigation, contrary to section 22.1(c) of MFDA By-law No. 1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA Central Regional Council in the Hearing
Room located at the offices of the MFDA, 121 King Street West, Suite 1000,
Toronto, Ontario on Wednesday, May 9, 2007 at 10:00 a.m. (Eastern) or as soon
thereafter as can be held.
The purpose of the first appearance is to schedule the date for the
commencement of the hearing on its merits and to address any other procedural
The first appearance is 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 Mutual Fund Dealers Association of Canada is the self-regulatory
organization for Canadian mutual fund dealers. The MFDA regulates the
operations, standards of practice and business conduct of its 163 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