MFDA issues Notice of Settlement Hearing in respect of Kenneth Rattenbury
TORONTO, Sept. 26, 2012 /CNW/ - 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 Staff of the MFDA and Kenneth Rattenbury (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
The proposed Settlement Agreement concerns allegations that the Respondent, between August 26, 2004 and November 18, 2010, maintained and used 63 photocopies of trade instruction forms signed by clients in blank to process trades in the accounts of 10 clients, thereby failing to observe high standards of ethics and conduct in the transaction of business, contrary to MFDA Rule 2.1.1(b).
The settlement hearing is scheduled to take place on October 17, 2012 at 10:00 a.m. (Mountain) in the hearing room located at the Shaw Conference Centre, 9797 Jasper Avenue Northwest, Edmonton, Alberta. The hearing will be open to the public, except as may be required for the protection of confidential matters.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 120 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
More by this Source
MFDA announces disciplinary proceeding in respect of Alain Theroux
May 15, 2013, 16:10 ET
MFDA Hearing Panel makes findings against Leslie McIntosh
May 13, 2013, 16:18 ET
MFDA Hearing Panel issues Reasons for Decision in the matter of Paul Yoannou
May 08, 2013, 16:11 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.