May 2, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Clinton Wayne (“Respondent”) by Notice of Hearing dated May 20, 2015.
The hearing of this matter on its merits resumed on April 30, 2018 in Toronto, Ontario before a three-member Hearing Panel of the MFDA’s Central Regional Council. After hearing submissions from Staff of the MFDA, the Hearing Panel found that allegations #1, #3 and #4 concerning the Respondent set out in the Notice of Hearing had been established.
The Hearing Panel advised that it will issue written reasons for its decision as to misconduct in due course. Submissions with respect to penalty will take place in the hearing room at the offices of the MFDA, located at 121 King Street West, Suite 1000, Toronto, Ontario on a date to be determined and announced accordingly.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 82,000 Approved Persons with a mandate to protect investors and the public interest. 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.