Le Lézard
Classified in: Business
Subject: LAW

MFDA issues Notice of Settlement Hearing in respect of George Piper



TORONTO, Dec. 7, 2017 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") 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 Central Regional Council.

The settlement agreement will be between Staff of the MFDA and George Lincoln Piper ("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 the allegations that the Respondent:

a) 

between March 2008 and May 2016, borrowed $150,000 from one (1) client and was indebted to another client in the amount of $25,000, thereby engaging in personal financial dealings with the clients which gave rise to a conflict or potential conflict of interest that he failed to address by the exercise of responsible business judgment influenced only by the best interests of the clients, contrary to MFDA Rules 2.1.1 and 2.1.4; and



b)

between January 2012 and November 2015, failed to report to the Member the fact that he had made an arrangement with his creditors, contrary to MFDA Policy No. 6, subsection 4.1(g).

 

The settlement hearing is scheduled to take place on February 21, 2018, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held, in the hearing room at the offices of the MFDA, located at 121 King Street West, Suite 1000, Toronto, Ontario.

MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca.

A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Settlement Hearing, the Respondent carried on business in the Ottawa, Ontario area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE Mutual Fund Dealers Association of Canada


These press releases may also interest you

at 21:21
ESSA Pharma Inc. ("ESSA" or the "Company") , a pharmaceutical company focused on developing novel therapies for prostate cancer, today reported financial results for the fourth quarter and year ended September 30, 2017 and progress on its preclinical...

at 21:00
Income-driven repayment plans can save federal student loan borrowers a lot of money depending on their income and family size. IDRs calculate a borrower's payment as 10 to 15 percent of discretionary income, which takes into account family size, and...

at 20:46
Input Capital Corp. ("Input") (US: INPCF) announced today the TSV Venture Exchange has accepted Input's application for a normal course issuer bid (the "Bid") for up to 6,578,683 of its common shares (the "Shares"), representing approximately 10% of...

at 20:31
Alexander & Baldwin, (A&B) today announced it has named Kenneth Kan as director, corporate finance. Kan will assume A&B's treasury duties, including managing banking relationships and working on special corporate projects, and will report to Jim...

at 20:31
PUDO Inc. ("PUDO" or "the Company") . PUDO recently attended the National Association of Convenience Stores ("NACS") trade show in Chicago, Illinois. This show is recognized as the premiere event for store operators to...

at 20:20
Collins Barrow Durham is pleased to announce the Whitby Chamber of Commerce has presented the firm with a Business Achievement Award, recognizing outstanding business success in the community. Presented at the Peter Perry & Business Achievement...




News published on 7 december 2017 at 17:54 and distributed by: