MFDA announces disciplinary proceeding in respect of James Neeson
Jul 23, 2015, 16:06 ET
TORONTO, July 23, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") has commenced disciplinary proceedings in respect of James Neeson (the "Respondent"). In its Notice of Hearing dated July 20, 2015, Staff of the MFDA alleges that the Respondent engaged in the following conduct contrary to the By-laws, Rules and/or Policies of the MFDA:
Allegation #1: Between January 2010 and March 2014, the Respondent obtained, maintained, and in some instances, used to process trades, a total of 137 blank pre-signed forms in respect of 29 clients, contrary to MFDA Rule 2.1.1;
The hearing on the merits in this proceeding will take place before a Hearing Panel of the MFDA's Central Regional Council on August 27, 2015 at 11:00 a.m. (Eastern), or as soon thereafter as the appearance can be held. The hearing 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. During the period described in the Notice of Hearing, the Respondent conducted business in the Elginburg, Ontario area.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 103 Members and their over 80,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Charles Toth, Director, Litigation, 416-943-4619, [email protected]
Share this article