TORONTO, Nov. 29, 2018 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") issued its Reasons for Decisions on August 13, 2018, in connection with a disciplinary hearing held on June 26, 2018 in Winnipeg, Manitoba in respect of David Tobac. A copy of the Reasons for Decisions is available on the MFDA website at www.mfda.ca.
Mr. Tobac has applied to the Manitoba Securities Commission for a Hearing and Review of the MFDA Hearing Panel's penalty decision, pursuant to subsection 31.1 of the Manitoba Securities Act.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 82,000 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