TORONTO, Sept. 13, 2013 /CNW/ - The MFDA commenced a disciplinary proceeding in respect of George William Popovich by Notice of Hearing dated November 30, 2012.
As previously announced, a motion in this matter was held on August 27 and 28, 2013 in Windsor, Ontario before a three-person Hearing Panel of the MFDA's Central Regional Council.
An appearance in this matter took place today by teleconference at which the Hearing Panel rendered their decision and reasons regarding the motion. The Hearing Panel declined to grant the Respondent's motion for a permanent stay of this disciplinary proceeding. The Hearing Panel advised that written reasons for the decision will follow in due course.
The Panel directed that the next appearance in this proceeding will take place by teleconference on September 18, 2013 at 10:00 a.m. (Eastern), or as soon thereafter as the appearance can be held and will be open to the public, except as may be required for the protection of confidential matters.
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