Central Region, Scotland

MFDA announces disciplinary proceeding in respect of Andrew Tachauer

Retrieved on: 
Wednesday, December 28, 2022

TORONTO, Dec. 28, 2022 /CNW/ - The Mutual Fund Dealers Association of Canada (the "MFDA") has commenced disciplinary proceedings in respect of Andrew David Tachauer (the "Respondent").

Key Points: 
  • TORONTO, Dec. 28, 2022 /CNW/ - The Mutual Fund Dealers Association of Canada (the "MFDA") has commenced disciplinary proceedings in respect of Andrew David Tachauer (the "Respondent").
  • The appearance will be open to the public, except as may be required for the protection of confidential matters.
  • A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca .
  • 1 MFDA Rule 2.2.1 was amended on December 31, 2021.

MFDA Hearing Panel issues Reasons for Decision in the matter of James Lewis

Retrieved on: 
Wednesday, December 28, 2022

TORONTO, Dec. 28, 2022 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (the "MFDA") has issued its Reasons for Decision dated December 19, 2022 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on October 24, 2022, in the matter of James Michael Lewis (the "Respondent").

Key Points: 
  • TORONTO, Dec. 28, 2022 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (the "MFDA") has issued its Reasons for Decision dated December 19, 2022 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on October 24, 2022, in the matter of James Michael Lewis (the "Respondent").
  • In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent.
  • A copy of the Reasons for Decision are available on the MFDA website at www.mfda.ca .
  • During the period described in the Reasons for Decision, the Respondent conducted business in the Strathroy, Ontario area.

MFDA announces disciplinary proceeding in respect of Roxanne Carter

Retrieved on: 
Wednesday, December 28, 2022

TORONTO, Dec. 28, 2022 /CNW/ - The Mutual Fund Dealers Association of Canada (the "MFDA") has commenced disciplinary proceedings in respect of Roxanne Marie Carter (the "Respondent").

Key Points: 
  • TORONTO, Dec. 28, 2022 /CNW/ - The Mutual Fund Dealers Association of Canada (the "MFDA") has commenced disciplinary proceedings in respect of Roxanne Marie Carter (the "Respondent").
  • Allegation #2: Between January 2016 and March 2019, the Respondent obtained and possessed, and used to process transactions, 35 pre-signed account forms in respect of 6 clients, contrary to MFDA Rule 2.1.1.
  • The appearance will be open to the public, except as may be required for the protection of confidential matters.
  • A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca .

MFDA issues Notice of Settlement Hearing in respect of GP Wealth Management Corporation

Retrieved on: 
Wednesday, December 28, 2022

The settlement agreement will be between Staff of the MFDA and GP Wealth Management Corporation (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.

Key Points: 
  • The settlement agreement will be between Staff of the MFDA and GP Wealth Management Corporation (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
  • MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent conducted business in the Mississauga, Ontario area.

MFDA issues Notice of Settlement Hearing in respect of Ryan Small

Retrieved on: 
Wednesday, December 21, 2022

The settlement agreement will be between Staff of the MFDA and Ryan Todd Small (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.

Key Points: 
  • The settlement agreement will be between Staff of the MFDA and Ryan Todd Small (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
  • MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent carried on business in the Mississauga, Ontario area.

MFDA Hearing Panel accepts settlement agreement with Scotia Securities Inc.

Retrieved on: 
Wednesday, December 21, 2022

TORONTO, Dec. 21, 2022 /CNW/ - A settlement hearing in the matter of Scotia Securities Inc. (the "Respondent") was held electronically by videoconference today in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").

Key Points: 
  • TORONTO, Dec. 21, 2022 /CNW/ - A settlement hearing in the matter of Scotia Securities Inc. (the "Respondent") was held electronically by videoconference today in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
  • The Hearing Panel accepted the settlement agreement dated December 19, 2022 (the "Settlement Agreement"), between Staff of the MFDA and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    a fine in the amount of $1,000,000 with;
    costs in the amount of $75,000; and
    shall in the future comply with MFDA Rules 2.5.1, 2.2.1, 2.1.1 and MFDA Policy No.
  • In addition, the Respondent is paying $10.8 million in remediation to clients.
  • For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

MFDA Hearing Panel accepts settlement agreement with Zhi Cheng Charles Jiang

Retrieved on: 
Wednesday, December 21, 2022

TORONTO, Dec. 21, 2022 /CNW/ - A settlement hearing in the matter of Zhi Cheng Charles Jiang (the "Respondent") was held electronically by videoconference today in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").

Key Points: 
  • TORONTO, Dec. 21, 2022 /CNW/ - A settlement hearing in the matter of Zhi Cheng Charles Jiang (the "Respondent") was held electronically by videoconference today in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
  • The Hearing Panel accepted the settlement agreement dated December 19, 2022 (the "Settlement Agreement"), between Staff of the MFDA and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    a fine in the amount of $25,000;
    costs in the amount of $5,000; and
    shall successfully complete the Investment Dealer Supervisors Course offered by the Canadian Securities Institute, or another industry supervision course that is acceptable to Staff of the MFDA within six months of the acceptance of the Settlement Agreement.
  • A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
  • During the period described in the Settlement Agreement, the Respondent carried on business in the Markham, Ontario area.

MFDA issues Notice of Settlement Hearing in respect of Zhi Cheng Charles Jiang

Retrieved on: 
Tuesday, December 20, 2022

The settlement agreement will be between Staff of the MFDA and Zhi Cheng Charles Jiang (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.

Key Points: 
  • The settlement agreement will be between Staff of the MFDA and Zhi Cheng Charles Jiang (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
  • MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent carried on business in the Markham, Ontario area.

MFDA issues Notice of Settlement Hearing in respect of Scotia Securities Inc.

Retrieved on: 
Tuesday, December 20, 2022

The settlement agreement will be between Staff of the MFDA and Scotia Securities Inc. (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.

Key Points: 
  • The settlement agreement will be between Staff of the MFDA and Scotia Securities Inc. (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
  • The settlement hearing will take place electronically by videoconference on December 21, 2022, commencing at 11:00 a.m. (Eastern), or as soon thereafter as the matter can be held.
  • MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No.
  • If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca .

MFDA Hearing Panel accepts settlement agreement with Queen Financial Group Inc.

Retrieved on: 
Monday, December 19, 2022

TORONTO, Dec. 19, 2022 /CNW/ - A settlement hearing in the matter of Queen Financial Group Inc. (the "Respondent") was held electronically by videoconference on December 15, 2022 in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").

Key Points: 
  • TORONTO, Dec. 19, 2022 /CNW/ - A settlement hearing in the matter of Queen Financial Group Inc. (the "Respondent") was held electronically by videoconference on December 15, 2022 in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
  • The Hearing Panel accepted the settlement agreement dated December 12, 2022 (the "Settlement Agreement"), between Staff of the MFDA and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    a fine in the amount of $30,000; and
    costs in the amount of $7,500.
  • For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
  • 1 On December 31, 2021, MFDA Rule 2.2 was amended to conform with client focused reforms to National Instrument 31-103.