MFDA Hearing Panel issues Decision and Reasons (Penalty) in the matter of Gabriele Gentile and Bruce Brinson

TORONTO, March 22, 2016 /CNW/ - A Hearing Panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons (Penalty) following a penalty hearing held in Halifax, Nova Scotia on December 9, 2015 in respect of Gabriele Gentile ("Gentile") and Ronald Bruce Brinson ("Brinson") (collectively the "Respondents"). In its Decision and Reasons (Penalty) dated March 22, 2016, the Hearing Panel announced the following sanctions against the Respondents:

(a) should either or both of the Respondents, at any time in the future, seek to hold the position of Branch Manager, before doing so they will be required to successfully pass the then current Branch Managers' Examination Course;

(b) shall each pay a fine in the amount of $10,000.00, such fine shall be paid within one (1) calendar year from the date of this Decision; and

(c) there shall be no order as to costs.

A copy of the Decision and Reasons (Penalty) is available on the MFDA website at During the period described in the Decision and Reasons (Penalty), the Respondents carried on business in Halifax, Nova Scotia.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 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: Charles Toth, Director, Litigation, 416-943-4619,


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