TORONTO, July 16, 2012 /CNW/ - The MFDA today announced that it has
commenced disciplinary proceedings in respect of Corey William
McPherson (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: On or about July 9, 2011, the Respondent failed to observe high
standards of ethics and conduct in the transaction of business by
falsifying client RS's signature on a client account document in order
to facilitate the transfer of $11,000 from another financial
institution and the purchase of a mutual fund for the client's account,
contrary to MFDA Rule 2.1.1(b).
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Pacific Regional Council on August
16, 2012 at 10:00 a.m. (Pacific) in the MFDA hearing room located at
650 West Georgia Street, Suite 1220, Vancouver, British Columbia. The
purpose of the 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 confidential matters.
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 121 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:
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