Geist, Glaab and Sellars approved as industry directors
Current board members who have already reached their maximum term now disqualifed
If the proposals are approved, it will “encourage the MFDA to reduce the role of members in governance and policy development”
Amendments remove the definition of “public director”
A hearing panel of the Prairie Regional Council of the Mutual Fund Dealers Association has suspended membership of B.C.-based Laurier Capital Planning Inc.According to the MFDA order filed Nov. 14, Laurier is not carrying on business as a mutual fund dealer.MFDA by-law allow a hearing panel to impose a suspension of any or all rights […]
Proposal allows regulator to suspend a license based on gossip, Chouinard says
Association calls on regulators to create a model that can operate for both the mutual fund and securities industries
The Mutual Fund Dealers Association of Canada is seeking to exempt reps from delivering leverage disclosure when it’s not relevant.The MFDA is proposing amendments to its rules that would limit delivery of the leverage risk disclosure document to instances in which leverage is being recommended to the client, or when a rep becomes aware of […]
The MFDA was the unwanted regulator, but it has made a difference
The self-regulatory organization is seeking more info on firms’ regulatory capital positions