TORONTO, Jan. 20, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Daniel William Yanaky (the "Respondent") by Notice of Hearing dated January 31, 2014 (the "Notice of Hearing").
The hearing of this matter on its merits was held today in Toronto, Ontario before a three-person Hearing Panel of the MFDA's Central Regional Council.
After hearing submissions from Staff of the MFDA and the Respondent, the Hearing Panel found that the one (1) allegation set out in the Notice of Hearing had been established, specifically the Hearing Panel found that the Respondent engaged in the following conduct contrary to the By-laws, Rules and/or Policies of the MFDA:
Allegation #1: Commencing January 2012, the Respondent has failed or refused to provide a written statement to the MFDA as requested by the MFDA during the course of an investigation, contrary to section 22.1 of MFDA By-law No. 1.
The Hearing Panel advised that it will issue written reasons for its decision in due course.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 107 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: Hugh Corbett, Managing Director, Enforcement, 416-943-4685, [email protected]