TORONTO, March 28, 2013 /CNW/ - The MFDA commenced a disciplinary proceeding in respect of Trevor
Amundrud (the "Respondent") by Notice of Hearing dated December 27,
The hearing of this matter on its merits took place yesterday in
Winnipeg, Manitoba before a Hearing Panel of the MFDA's Prairie
Regional Council. The parties filed an Agreed Statement of Facts prior
to the hearing in which the Respondent admitted to facts which
constitute misconduct on his part and for which he could be penalized
by a Hearing Panel pursuant to MFDA By-laws.
Following submissions from the parties, the Hearing Panel imposed the
following penalties and costs on the Respondent and advised that it
will issue written reasons for its decision in due course:
a permanent prohibition from conducting securities related business
while in the employ of, or associated with, any MFDA Member;
a fine in the amount $5,000; and
costs in the amount of $2,500.
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 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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