The hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules
Unsuitable recommendations for seniors highlighted in enforcement decision
The SRO commenced 136 proceedings in 2018, up from 121 in 2017
Failure to cooperate with the investigation was an aggravating factor
The SRO has released an analysis of its client research project
MFDA says changes would enable dealers to respond to underperforming funds in a timely manner
The self-regulatory organization also issued a lifetime ban
The proposal would better align MFDA provisions with those of OBSI
Proposed changes would allow MFDA investigators to enter a dealer's offices without notice and copy electronic records
Latest phishing scam involves emails purported to be from the MFDA CEO