TORONTO, July 31, 2012 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Thomas G. Arseneau by Notice of Hearing dated December 22, 2011.
The hearing of this matter on its merits concluded today in Fredericton, New Brunswick before a three-person Hearing Panel of the MFDA's Atlantic Regional Council. The Hearing Panel reserved its decision and advised that it will issue its decision and written reasons in due course.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 121 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