TORONTO, May 5, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") has commenced disciplinary proceedings in respect of Kathleen Hounsome (the "Respondent"). In its Notice of Hearing dated May 5, 2015, Staff of the MFDA alleges that the Respondent engaged in the following conduct contrary the By-laws, Rules and/or Policies of the MFDA:
Allegation #1: Between July 2010 and April 2012, the Respondent engaged in a practice unbecoming an Approved Person by obtaining, maintaining and using 62 blank client account forms signed by clients to conduct Member business, contrary to MFDA Rule 2.1.1.
The hearing of this matter on its merits will take place on May 7, 2015 at 10:00 a.m. (Pacific), or as soon thereafter as the matter can be heard, in the hearing room at Charest Reporting Inc., located at 1650 – 885 West Georgia Street, Vancouver, British Columbia. The proceeding 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 carried on business in Duncan and Chemainus, British Columbia.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 104 Members and their approximately 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: Shaun Devlin, Senior Vice-President, Member Regulation, Enforcement, 416-943-4672, [email protected]; Jeff Mount, Vice-President, Pacific Region, 604-694-8846, [email protected]