TORONTO, May 29 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced additional disciplinary
proceedings against Bruce Patrick Schriver by way of Notice of Hearing dated
May 19, 2009. The MFDA had previously commenced a separate proceeding against
Mr. Schriver by Notice of Hearing dated March 12, 2009 (MFDA File No. 200901).
MFDA staff alleges in its Notice of Hearing that Mr. Schriver, the
Respondent, engaged in the following conduct contrary to the By-laws, Rules or
Policies of the MFDA:
Allegation No. 1: Between December 2000 and June 2004, the Respondent
misappropriated approximately $116,316.22 from Client A, thereby failing
to deal fairly, honestly and in good faith with Client A and engaging in
business conduct that was unbecoming and detrimental to the public
interest, contrary to MFDA Rule 2.1.1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Atlantic Regional Council on June 2, 2009
at 3:00 p.m. (Atlantic) 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 is open to the public, except as may be required for
the protection of confidential matters. Members of the public who want to
listen to the teleconference for the first appearance should contact Yvette
MacDougall, MFDA Hearings Coordinator, at 416-943-4606 or by email at
firstname.lastname@example.org on or before June 1, 2009 to obtain particulars. The
hearing on the merits will take place at a location in Halifax, Nova Scotia at
a time and place to be announced at a later date.
Copies of both Notices of Hearing are 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 149 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 email@example.com