MFDA announces disciplinary proceeding in respect of Reginald Roskaft
10 Jun, 2013, 16:40 ET
TORONTO, June 10, 2013 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings in respect of Reginald Jens Roskaft (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: Between June 2010 and January 2011, the Respondent misappropriated $2,200 from client AD, thereby failing to deal fairly, honestly and in good faith with client AD, contrary to MFDA Rule 2.1.1.
Allegation #2: Commencing November 2011, the Respondent failed to cooperate with an MFDA investigation by failing to comply with requests by MFDA Staff ("Staff") that he provide a written statement concerning the matters under investigation, contrary to section 22.1 of MFDA By-law No. 1.
The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Central Regional Council on August 19, 2013 at 10:00 a.m. (Eastern) in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the first 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 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
For further information:
Director of Litigation
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