How unscrupulous advisors use a regulatory loophole to skim money from client accounts
Desjardins Financial Security Investments Inc. is facing a fine of $75,000 for failing to ensure a branch manager was fulfilling his role at one of the firm’s branches, the Mutual Fund Dealers Association of Canada has revealed.An MFDA hearing panel found that between June 2003 and September 2005, Desjardins failed to ensure that there was […]
Clarification on MFDA dues and the right degree of oversight are issues for small firms
MFDA terminates membership of bankrupt firm
Changes meant minimize differences with IIROC CRM
Client accounts transferred to Altimum Mutuals
Keybase fined $150,000; Sukhraj fined $50,000
Regulator mulls expansion of board to 15 members
A hearing panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada has approved a settlement agreement between the MFDA and Melvin Penney.At a hearing in Moncton, New Brunswick, on Wednesday, the panel suspended Penny’s authority to conduct securities-related business with any MFDA member firm for two years.The panel also ordered […]
Task force adopts terms of reference