TORONTO, Oct. 22, 2013 /CNW/ - A Hearing Panel of the Central Regional Council of the MDFA has issued
its Decision and Reasons in connection with the disciplinary hearing
held in Toronto, Ontario on September 27, 2013 in the matter of
Christiaan Albert Hesselink.
In its Decision and Reasons, the Hearing Panel found that Allegations 1,
2 and 3 made against the Respondent in the Amended Notice of Hearing
had been established. As a consequence, the Hearing Panel has imposed
the following penalties and costs on the Respondent:
a 5-year prohibition from conducting securities related business in any
capacity while in the employ of, or associated with, any MFDA Member;
a fine of $400,000; and
costs of $7,500.
A copy of the Decision and Reasons 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:
Managing Director, Enforcement