TORONTO, Oct. 21, 2013 /CNW/ - A disciplinary hearing in the matter of Alain Armand Joseph Theroux
(the "Respondent") was held today in Toronto, Ontario before a
three-person Hearing Panel of the MFDA's Central Regional Council.
Following submissions from MFDA counsel, the Hearing Panel found that
the allegation set out in the Notice of Hearing dated May 7, 2013 had
been established, imposed the following penalties and costs on the
Respondent, and advised that it will issue written reasons for its
decision in due course:
a permanent prohibition on the authority of the Respondent to conduct
securities related business in any capacity while in the employ of or
associated with any MFDA Member;
a $50,000 fine; and
$7,500 in costs.
A copy of the Notice of Hearing is 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
For further information:
Managing Director, Enforcement