MFDA makes Orders against W. H. Stuart Mutuals Ltd. and Marilyn Dianne Stuart
TORONTO, May 22, 2013 /CNW/ - The MFDA today announced that on April 29, 2013 and on May 10, 2013, a 3-person Hearing Panel of the MFDA's Central Regional Council made Orders pursuant to section 24.3 of MFDA By-law # 1 in respect of W. H. Stuart Mutuals Ltd. ("W.H. Stuart") and Marilyn Dianne Stuart ("Stuart") (collectively, the "Respondents").
Further to a Notice of Application made April 29, 2013, an appearance in this matter took place without notice to the Respondents on April 29, 2013, at which time the Hearing Panel made an Order imposing certain terms and conditions on the Respondents' conduct of securities related business.
A further appearance took place before the Hearing Panel on notice to the Respondents on May 10, 2013 at which time the Hearing Panel made an Order imposing further terms and conditions on the Respondents and directed that the next appearance in this matter will be held by teleconference on May 22, 2013 at 2:00 p.m. (Eastern).
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 115 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