(November 12 – 11:10 ET) – The
Ontario Securities Commission has
issued a Notice of Hearing and
Statement of Allegations against
Jennifer Dewling the former chief
operating officer of Fortune
Financial Corporation.
Most of the allegations relate
to Dewling’s supervision of Paul
Tindall, a former salesperson
sponsored by Fortune. Tindall’s
activities are the subject of a
Notice of Hearing and Statement of
Allegations issued by the
Commission on October 14, 1999.
Staff of the Commission also
allege that Dewling failed to act
properly with respect to a capital
deficiency of Fortune and that she
approved the use of an account at
Fortune which allowed sales
representatives to sell securities
that they were not licensed to
sell.
The hearing will commence at
10:00 a.m. on Thursday, November
18, 1999 in the main hearing room
of the Commission located on the
8th Floor, 20 Queen Street West,
Toronto, Ontario.
-IE Staff
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