TORONTO, Dec. 13 /CNW/ - A Hearing Panel of the MFDA's Prairie Regional Council has issued its Reasons for Decision regarding the penalty phase of this matter which took place in Winnipeg, Manitoba on November 30, 2010.
The allegations phase of the hearing took place on July 19-20, 2010, at which time the Hearing Panel found that the misconduct described in the Notice of Hearing had been established.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 136 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.
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