TORONTO, March 28, 2013 /CNW/ - A Settlement Hearing in the matter of Gary Golden (the "Respondent") was
held yesterday in Winnipeg, Manitoba before a Hearing Panel of the
MFDA's Prairie Regional Council.
The Hearing Panel accepted the Settlement Agreement between MFDA Staff
and the Respondent, as a consequence of which the Respondent has paid a
fine of $5,000 and $2,000 in costs. The Respondent also agreed to
comply in future with all MFDA By-laws, Rules and Policies, and all
applicable securities legislation and regulations, including MFDA Rule
In the Settlement Agreement, the Respondent admitted that between May
2009 and August 2011, he engaged in a practice unbecoming an Approved
Person by maintaining and using altered and partially completed
pre-signed forms to conduct Member business, contrary to MFDA Rule
The Hearing Panel advised that it will issue written reasons for its
decision in due course. A copy of the Settlement Agreement 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
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