TORONTO, June 10, 2013 /CNW/ - The MFDA today announced that it has
commenced disciplinary proceedings in respect of Reginald Jens Roskaft
(the "Respondent"). MFDA staff alleges in its Notice of Hearing that
the Respondent engaged in the following conduct contrary the By-laws,
Rules or Policies of the MFDA:
Allegation #1: Between June 2010 and January 2011, the Respondent misappropriated
$2,200 from client AD, thereby failing to deal fairly, honestly and in
good faith with client AD, contrary to MFDA Rule 2.1.1.
Allegation #2: Commencing November 2011, the Respondent failed to cooperate with an
MFDA investigation by failing to comply with requests by MFDA Staff
("Staff") that he provide a written statement concerning the matters
under investigation, contrary to section 22.1 of MFDA By-law No. 1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Central Regional Council on August
19, 2013 at 10:00 a.m. (Eastern) in the MFDA hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the
first appearance is to set a date for 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
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 115 Members and their approximately 80,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE: Mutual Fund Dealers Association of Canada
For further information:
Director of Litigation