MFDA

Industry

CSA expects processes, documentation from IIROC

What results from the 2016 oversight review reveal for dealers

By Michelle Schriver |September 22, 2017

4 min read

Industry

MFDA cracking down on supervision failure, falsifications: CSA review

Increase in proceedings gets thumbs-up from regulators

By Staff |September 15, 2017

2 min read

Industry

MFDA fines 6 reps $55K combined — one for faking mother’s signature

Cases also highlight pre-signed forms

By Staff |August 1, 2017

3 min read

Industry

Mutual fund dealer fined $60,000 for compliance failures

Failures span multiple years

By Staff |July 10, 2017

2 min read

MFDA fines Desjardins $200K after rep misappropriates funds

Desjardins Financial Security Services faces a fine of $200,000 and costs of $25,000 after the MFDA found it failed to investigate and prevent the dealings of a former advisor. Starting in December 2008, the MFDA settlement says, mutual fund rep Conrad Eagan engaged in unauthorized outside business activities such as preparing wills and accepting an […]

By Staff |June 22, 2017

2 min read

Commissions ban could push advisors to sell insurance products: MFDA

The MFDA has released a research report on its members, advisors and clients. The report aims to offer more information on MFDA members’ business operations as well as inform stakeholders of the potential impact of an embedded commissions ban. The MFDA recognizes there are factors at play that it hasn’t measured, but says, “Although it […]

By Staff |May 25, 2017

3 min read

MFDA fines HollisWealth $130,000 for failure to supervise, improper release

The MFDA has fined HollisWealth Advisory Services Inc. for failure to supervise approved persons and for inappropriate business conduct regarding an acknowledgement and release. In Toronto on March 7, 2017, a three-member hearing panel imposed: In the settlement agreement, HollisWealth admitted that between November 5, 2004, and May 20, 2014, it failed to adequately supervise […]

By Staff |March 16, 2017

2 min read

MFDA

CSA expects processes, documentation from IIROC

MFDA cracking down on supervision failure, falsifications: CSA review

MFDA fines 6 reps $55K combined — one for faking mother’s signature

Mutual fund dealer fined $60,000 for compliance failures

MFDA fines Desjardins $200K after rep misappropriates funds

Forgery “widespread” in investment industry: SIPA

Stop using pre-signed forms, pleads MFDA enforcement report

Commissions ban could push advisors to sell insurance products: MFDA

MFDA’s fine collection rate in Alberta? Nearly double

MFDA fines HollisWealth $130,000 for failure to supervise, improper release