TORONTO, Oct. 31, 2013 /CNW/ - A Hearing Panel of the Central Regional Council of the MDFA has issued its Reasons for Decision (Order) in connection with an application made under section 24.3 of MFDA By-law No. 1 (Applications in Exceptional Circumstances) in the matter of MonArc Money Solutions Inc. (the "Respondent").
A copy of the Hearing Panel's Reasons for Decision (Order) is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Application, the Respondent carried on business in the provinces of Ontario and Québec.
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. 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:
Managing Director, Enforcement