MFDA Hearing Panel issues Reasons for Decision in the matter of Kindle Blythe

TORONTO, Feb. 13, 2020 /CNW/ - A Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision dated February 11, 2020 ("Reasons for Decision") in connection with a settlement hearing held in Vancouver, British Columbia on January 6, 2020 in the matter of Kindle Briten Megan Blythe ("Respondent").

In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

• shall pay a fine of $35,000 ("Fine");
• has paid costs of $5,000 ("Costs");
• payment of the Fine shall be made as follows:
• $5,000 (Costs) upon acceptance of the Settlement Agreement;
• $5,000 (Fine) payable on February 1, 2020;
• $5,000 (Fine) payable on March 1, 2020;
• $5,000 (Fine) payable on April 1, 2020;
• $10,000 (Fine) payable on May 1, 2020; and
• $10,000 (Fine) payable on June 1, 2020.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Vancouver, British Columbia 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 81,000 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