TORONTO, June 17 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has issued a Notice of Settlement Hearing
regarding the presentation, review and consideration of a proposed settlement
agreement by a Hearing Panel of the MFDA's Atlantic Regional Council.
The settlement agreement will be between staff of the MFDA and Alden M.
Kaley (the "Respondent") and involves matters for which the Respondent may be
disciplined by a Hearing Panel pursuant to MFDA By-laws.
The subject matter of the proposed settlement agreement concerns
allegations that the Respondent:
(a) engaged in securities related business that was not carried on for
the account of and through the facilities of the Member, contrary to
MFDA Rule 1.1.1(a); and
(b) had and continued in another gainful occupation that was not properly
disclosed to and approved by the Member, contrary to MFDA Rule
The settlement hearing is scheduled to commence at 10:00 a.m. (Atlantic),
or as soon thereafter as the hearing can be held, on August 21, 2009 at a
venue to be announced in Fredericton, New Brunswick. The hearing will be open
to the public except as may be required for the protection of confidential
matters. A copy of the Notice of Settlement 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 147 Members and their approximately 75,000 Approved Persons with a
mandate to protect investors and the public interest.
For further information:
For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or firstname.lastname@example.org