TORONTO, Feb. 7, 2013 /CNW/ - A Hearing Panel of the MFDA's Central Regional Council has issued its
Decision and Reasons (Penalty) in connection with penalty and costs
submissions which took place in Toronto, Ontario on January 15, 2013.
The conduct phase of the hearing took place on October 12, 2012,
following which the Hearing Panel issued its Decision and Reasons
(Misconduct) dated October 23, 2012 in which the Panel announced that
the allegations set out in the Notice of Hearing had been established.
Copies of the Decision and Reasons (Misconduct) and Decision and Reasons (Penalty) are available on the MFDA website at www.mfda.ca .
The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business
conduct of its 115 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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