MFDA Hearing Panel issues Decision and Reasons (Penalty) in the matter of Paula Louise Kendrick
TORONTO, Jan. 17, 2018 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons (Penalty) dated January 16, 2018 in connection with a disciplinary hearing held in Calgary, Alberta on October 17, 2017 in the matter of Paula Louise Kendrick ("Respondent").
At the hearing held on October 17, 2017, the parties filed an Agreed Statement of Facts dated August 18, 2017 in which the Respondent admitted that:
a) |
between January 2010 and July 2014, she referred 25 clients and 4 other individuals to |
b) |
between 2011 and 2014, she incorrectly denied that she was a party to any referral |
In its Decision and Reasons, the Hearing Panel confirmed the sanction imposed at the hearing and announced the imposition of additional sanctions on the Respondent:
a) |
a suspension for one week, commencing October 17, 2017 from conducting securities |
b) |
shall pay a fine in the amount of $36,000, payable to the MFDA in monthly installments, |
c) |
shall pay costs in the amount of $1,000. |
Copies of the Decision and Reasons (Penalty) and Agreed Statement of Facts are available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Penalty), the Respondent conducted business in the Calgary, Alberta area.
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

Charles Toth, Director, Litigation, 416-943-4619, [email protected]; Mark Stott, Vice-President, Prairie Region, 403-215-8329, [email protected]
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