The Mutual Fund Dealers Association today published its rules of procedure that will be used in carrying out disciplinary hearings.

The rules cover matters of procedure concerning the conduct of MFDA hearings and appeals, including the use of witnesses in hearings, required document disclosure, pre-hearing conferences, settlements and appeals.

For example, the rules indicate that those who face accusations are entitled:

  • to be represented by counsel or an agent at disciplinary hearings;
  • to present evidence, call and examine witnesses and cross-examine opposing witnesses; and
  • to make submissions.