TORONTO, May 12 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") today announced that it has commenced disciplinary proceedings against Terry Lynn Sampson (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: From January 2006 to July 2008, the Respondent
misappropriated approximately $167,500 from six bank
Allegation 2: In or about March 2008, the Respondent misappropriated
approximately $5,000 from the account of a client of the
Allegation 3: Commencing November 2008, by failing to comply with a
request by MFDA Staff that she provide a written
statement concerning the matters under investigation, the
Respondent has failed to cooperate with an MFDA
The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Prairie Regional Council on June 7, 2010 at 10:00 a.m. (Mountain), or as soon thereafter as the appearance can be held, in the hearing room at the MFDA offices located at 800-6th Avenue SW, Suite 850, Calgary, Alberta.
The purpose of the first appearance is to schedule a date for the commencement of the hearing of this matter on its merits and to address any other procedural matters and 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 140 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 firstname.lastname@example.org