A hearing panel of the Mutual Fund Dealers Association of Canada’s Central Regional Council on Wednesday suspended the rights and privileges of MFDA membership of Hill & Crawford Investment Management Group Ltd.

The panel also suspended the authority of Albert Rodney Hill to conduct securities related business with Oakville, Ont.-based Hill & Crawford, among other orders.

To ensure that clients are not affected by the suspension, all Hill & Crawford client accounts have been transferred to Altimum Mutuals Inc. in St. Catharines, Ont.

A copy of the panel’s Order is available on the MFDA website.

IE