The settlement agreement will be between staff of the MFDA and
a) adequately fulfill his supervisory responsibilities as a branch manager; b) employ adequate supervision to prevent Anthony McPhail, an unregistered individual, from engaging in securities related business with clients; and c) conduct reasonable supervisory investigations in response to information that Anthony McPhail was engaging in securities related business with clients.
The settlement hearing is scheduled to take place in the hearing room located at 121
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 145 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
For further information: For further information: Shaun Devlin, Vice-President, Enforcement, (416) 943-4672 or sdevlin@mfda.ca
Mutual Fund Dealers Association of Canada
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