TORONTO, June 17 /CNW/ - The MFDA today announced that it 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 Terry Lynn Sampson and involves matters for which Ms. Sampson may be disciplined by a Hearing Panel pursuant to MFDA By-laws. The subject matter of the proposed settlement agreement concerns allegations that Ms. Sampson:
(a) misappropriated $167,500 from six bank clients;
(b) misappropriated $5,000 from the account of an MFDA Member client; and
(c) failed to cooperate with an MFDA investigation by failing to comply
with a request by MFDA Staff that she provide a written statement
concerning the matters under investigation.
The settlement hearing is scheduled to commence at 10:00 a.m. (Mountain) on July 9, 2010 in the hearing room located at the Fairmont Hotel MacDonald, 10065-100th Street, Edmonton, Alberta and will be open to the public, except as may be required for the protection of confidential matters.
A copy of the Notice of Settlement 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 firstname.lastname@example.org