A disciplinary hearing in the matter of Stephen Arnold Smith was held yesterday in Toronto, Ontario before a three-person Hearing Panel of the MFDA’s Central Regional Council. Prior to hearing MFDA Staff’s submissions on the merits, the Hearing Panel granted a motion by Staff to amend the Notice of Hearing. A copy of the Amended […]
The 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 Prairie Regional Council. The settlement agreement will be between MFDA staff and Laurier Capital Planning Inc. (the “Respondent”) and involves matters for which the […]
Opinion continues to stream in on what’s come to be known as Proxygate, as more industry experts air their thoughts on the matter. Public censure may be harsh, but it presents an opportunity for the MFDA, says Sandra Kegie, executive director at the Federation of Mutual Fund Dealers. She believes cooperation could bring good results. […]
The Mutual Fund Dealers Association of Canada (MFDA) doesn’t have much to say about a British Columbia Securities Commission (BCSC) decision to censure the not-for-profit self-regulatory organization over how they solicit proxies.
A British Columbia Securities Commission panel is taking the Mutual Fund Dealers Association of Canada (MFDA) to task over how they solicit proxies.
This story bears repeating. Vikram Barhat tracked down some of the most common compliance problems among advisors. • • • A slew of financial violations have been keeping the hearing panels of MFDA and IIROC busy. Although many are deliberate, some of these offences are the result of glaring ignorance that leads financial practitioners afoul […]
So, just how important is the know-your-client process? Well, if you’re selling exempt products, you should at least know if the client qualifies as an accredited investor. The following demonstrates that importance. A hearing panel of the MFDA’s Central Regional Council has issued its reasons for decision in connection with the disciplinary hearing held in […]
A Settlement Hearing in the matter of Excel Financial Growth Inc. (the “Respondent”) was held on August 20, 2010 in Toronto, Ontario before a Hearing Panel of the MFDA’s Central Regional Council. The Hearing Panel accepted the Settlement Agreement between the Respondent and MFDA Staff, as a consequence of which the Respondent: • Has paid […]