TORONTO, Jan. 7 /CNW/ - A disciplinary hearing in the matter of Sergio
Peter Gizzo (the "Respondent") was held today in Toronto, Ontario
before a three-person Hearing Panel of the MFDA's Central Regional
After hearing submissions from Staff of the MFDA, the Hearing Panel
found that the following allegation in the Notice of Hearing had been
Allegation #1: Commencing May 22, 2009, the Respondent has failed to provide
information concerning his conduct while he was an Approved Person
requested by the MFDA during the course of an investigation, contrary
to section 22.1 of MFDA By-law No. 1.
The Hearing Panel made the following orders at the conclusion of the
hearing and advised that it would issue written reasons for its
decision in due course:
The Respondent is permanently prohibited from conducting securities
related business while in the employ of or associated with any Member
of the MFDA;
The Respondent shall pay a fine in the amount of $85,000; and
The Respondent shall pay costs to the MFDA in the amount of $7,500.
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 136 Members and their approximately 75,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
For further information:
416-943-6472 or firstname.lastname@example.org