The Mutual Fund Dealers Association has published a new updated membership directory.

The new guide reveals that the fledgling self-regulatory organization now has 45 members under its wing.

All of the big bank-owned distributors have been admitted to membership, as has fund giant Investors Group Inc. Notable firms still to join include the large distributors Assante and Cartier Partners.

MFDA chief operating officer Larry Waite reports that the new SRO expects to begin compliance reviews of its new members in the fall.