| By PR Newswire |
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| January 14, 2013 05:25 PM EST |
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TORONTO, Jan. 14, 2013 /CNW/ - The MFDA today announced that it has
commenced disciplinary proceedings in respect of Trevor Amundrud (the
"Respondent"). MFDA staff alleges in its Notice of Hearing that the
Respondent engaged in the following conduct contrary the By-laws, Rules
or Policies of the MFDA:
Allegation #1: Between February 2010 and December 2010, the Respondent failed to deal
fairly, honestly and in good faith with at least 3 group RRSP clients
by misappropriating approximately $4,162 from them, contrary to MFDA
Rule 2.1.1.
Allegation #2: Commencing January 6, 2012, the Respondent has failed to comply with
requests by the MFDA for documentation and to provide answers to
undertakings in relation to the matters under investigation, contrary
to s. 22 of MFDA By-law # 1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Prairie Regional Council on
February 28, 2013 at 9:30 a.m. (Mountain) (10:30 a.m. Central) in the
MFDA hearing room located at 800 - 6th Avenue S.W., Suite 850, Calgary, Alberta. The purpose of the appearance
is to set a date for the hearing of this matter on its merits and to
address any other procedural matters and will be open to the public,
except as may be required for the protection of confidential matters.
A copy of the Notice of 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 116 Members and their approximately 80,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
