TORONTO, April 23, 2013 /CNW/ - The MFDA issued a Notice of Settlement Hearing in respect of Corey William McPherson ("Respondent") on September 13, 2012.
A settlement hearing in this matter resumed yesterday in Victoria, British Columbia before a Hearing Panel of the MFDA's Pacific Regional Council. Following submissions from the parties, the Hearing Panel declined to approve a Settlement Agreement entered into between MFDA Staff and the Respondent and made no orders in the matter.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 116 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
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