A hearing panel of the Ontario Regional Council of the Mutual Fund Dealers Association of Canada has made a finding of misconduct by Jawad Rathore.

On May 30, the panel heard allegations from MFDA staff that:

  • Between August 2002 and November 2002, Rathore engaged in gainful occupation outside the business of his member firm without so advising the firm and obtaining approval; and
  • Commencing on or about Feb. 14, 2003, Rathore failed to produce for inspection and provide copies of documents requested by the MFDA in the course of an investigation.

In a news release, the hearing panel advised that it would issue written reasons and its decision on appropriate sanction in due course.