MFDA

MFDA rep fined $63,500 after client incurs $92,657 loss Fallback Image Decorative pattern

Industry

MFDA rep fined $63,500 after client incurs $92,657 loss

Christopher Singer has been fined more than $60,000 over failure to use due diligence and to ensure an investment was suitable for one client. Singer has been registered in the mutual fund industry since 2001 and as a dealing representative with FundEX investments since 2004, says MFDA in a reasons and decisions document that details […]

By Staff |March 10, 2017

3 min read

MFDA started the most disciplinary proceedings ever in 2016 Fallback Image Decorative pattern

Industry

MFDA started the most disciplinary proceedings ever in 2016

In 2016, the MFDA commenced 111 disciplinary proceedings and finished 85, reveals an MFDA bulletin — the highest numbers ever. The bulletin also notes that MFDA initiated 11 proceedings against members. Alleged member misconduct in 2016 includes: In 2017, member supervision will continue to be under the microscope, the report indicates. And, as expected, suitability […]

By Staff |February 23, 2017

1 min read

MFDA sanctions IPC for failure to supervise Fallback Image Decorative pattern

Industry

MFDA sanctions IPC for failure to supervise

Failing to adequately supervise two approved persons has resulted in sanctions for IPC Investment Corporation. A hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada has issued its Reasons for Decision in connection with the firm’s settlement hearing held in Toronto on December 13, 2016. According to the hearing […]

By Staff |February 13, 2017

1 min read

Don’t miss important compliance reminders Fallback Image Decorative pattern

Industry

Don’t miss important compliance reminders

Make time to review current and updated guidance.

By Katie Keir |February 9, 2017

4 min read