TORONTO, Oct. 12, 2012 /CNW/ - A Settlement Hearing in the matter of Jacqueline Wise (the "Respondent") was held yesterday in Toronto, Ontario before a Hearing Panel of the MFDA's Central Regional Council.
The Hearing Panel accepted the Settlement Agreement between MFDA Staff and the Respondent, as a consequence of which:
- the Respondent shall be prohibited for a period of six (6) months from conducting securities related business while in the employ of or associated with any Member of the MFDA pursuant to s. 24.1.1(c) of the MFDA By-Law No. 1; and
- the Respondent has paid costs in the amount of $2,500.
In the Settlement Agreement, the Respondent admitted that in June 2011 she falsified the signature of client NM on an account document, contrary to MFDA Rule 2.1.1.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 120 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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