TORONTO, March 2, 2012 /CNW/ - A Settlement Hearing in the matter of Roberto Gabriel Mammone (the "Respondent") was held today in Toronto, Ontario before a Hearing Panel of the MFDA's Central Regional Council.
The Hearing Panel accepted the Settlement Agreement between the Respondent and MFDA Staff, as a consequence of which the Respondent, has paid a $5,000 fine, costs in the amount of $1,500, and has been prohibited for six months from conducting securities related business in any capacity while in the employ of, or in association with, any MFDA Member.
In the Settlement Agreement, the Respondent admitted that on or about April 17, 2009, he falsified client signatures on six account documents pertaining to the accounts of four clients, 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 125 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.
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