TORONTO, Nov. 20, 2012 /CNW/ - Hearing Panel of the MFDA's Central Regional Council has issued its Decision and Reasons (Misconduct) in connection with the disciplinary hearing held in Toronto, Ontario on October 11, 2012 in the matter of Scott Michael Kelly (the "Respondent").
In its Decision and Reasons (Misconduct), the Hearing Panel found that the two allegations made against the Respondent in the Notice of Hearing issued June 22, 2012 had been established. Submissions with respect to penalty will take place on a date and at a venue to be announced.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 119 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