TORONTO, Feb. 2, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") announced that is has issued a Notice of Settlement Hearing regarding the presentation, review and consideration of a proposed settlement agreement by a Hearing Panel of the MFDA's Prairie Regional Council.
The settlement agreement will be between Staff of the MFDA and Paul Jerome Edmond (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws. The proposed agreement concerns allegations that the Respondent, between February 2008 and April 2013, obtained, maintained, and used to process transactions, a total of 74 blank pre-signed account forms or photocopies of partially complete pre-signed account forms which the Respondent altered after the clients had signed the account forms, in respect of 30 client accounts, contrary to MFDA Rule 2.1.1.
The settlement hearing is scheduled to take place on March 6, 2015, commencing at 10:00 a.m. (Central), or as soon thereafter as the hearing can be held, in the hearing room located at the Manitoba Securities Commission, 500-400 St. Mary Avenue, Winnipeg, Manitoba. The hearing will be open to the public, unless and to the extent that the Hearing Panel determines that all or part of the hearing should proceed in the absence of the public. If the Hearing Panel accepts the settlement agreement, then a copy of the decision of the Hearing Panel and the settlement agreement will be made available to the public.
A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Settlement Hearing, the Respondent carried on business in Winnipeg, Manitoba.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 107 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Hugh Corbett, Managing Director, Enforcement, 416-943-4685, firstname.lastname@example.org; Mark Stott, Vice-President, Prairie Region, 403-215-8329, email@example.com