TORONTO, April 15, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Michael Andrew Harrigan (the "Respondent") by Notice of Hearing (the "Notice of Hearing") dated May 12, 2014.
On April 13-14, 2015, a three-member Hearing Panel of the MFDA's Atlantic Regional Council heard a motion, in Halifax, Nova Scotia, by the Respondent to recuse the Chair of the Hearing Panel. Following submissions by the parties, the Respondent's motion was granted. The Chair advised that written reasons for decision will be issued in due course.
The hearing was adjourned, to be spoken to at the next appearance in this proceeding, scheduled to take place by teleconference on May 5, 2015 at 10:00 a.m. (Atlantic), or as soon thereafter as the appearance can be held. The appearance will be open to the public, except as may be required for the protection of confidential matters.
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]