TORONTO, May 19, 2016 /CNW/ - An Application Hearing in the matter of Connor Financial Corporation ("CFC") was heard in writing by a Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA"), pursuant to section 24.3 of MFDA By-law No. 1.
The Hearing Panel signed an Order and issued its Decision and Reasons for terminating the rights, privileges and membership of CFC in the MFDA.
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