IN THE MATTER OF A DISCIPLINARY HEARING PURSUANT TO SECTIONS 20 AND 24 OF BY-LAW NO. 1 OF THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA
Ryan Raymond Edward Dibbley
NOTICE is hereby given that a first appearance will take place by teleconference before a hearing panel of the Central Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of Canada (the “MFDA”) in the hearing room at the MFDA offices, located at 121 King Street West, Suite 1000, Toronto, Ontario on November 2, 2016 at 9:30 a.m. (Eastern), or as soon thereafter as the hearing can be held, concerning a disciplinary proceeding commenced by the MFDA against Ryan Raymond Edward Dibbley (the “Respondent”).
DATED: Aug 15, 2016
Director of Regional Councils
Mutual Fund Dealers Association of Canada
121 King St. West, Suite 1000
Toronto, ON M5H 3T9
NOTICE is further given that the MFDA alleges the following violations of the By-laws, Rules or Policies of the MFDA:
Allegation #1: Between October 2012, and May 9, 2014, the Respondent failed to disclose to the Member two outside business activities for which he was named officer and/or director, contrary to MFDA Rules 1.2.1(c) (now Rule 1.3.2) and 2.1.1.
Allegation #2: Between 2013 and May 9, 2014, the Respondent, in his capacity as branch manager, did not adequately query or report to the Member unapproved outside business activities at the branch location supervised by the Respondent, contrary to MFDA Rules 2.5.5(f) and 2.1.1.
Allegation #3: Between 2013 and May 9, 2014, the Respondent, in his capacity as branch manager, failed to adequately query or advise the Member of information concerning financial difficulties at the branch location supervised by the Respondent, contrary to MFDA Rules 2.5.5(f) and 2.1.1.
Allegation #4: Starting April 6, 2014, the Respondent failed to report to the Member that an Approved Person, who was the owner and operator of the branch location supervised by the Respondent, terminated another Approved Person at the branch, contrary to MFDA Rules 1.1.2, 2.5.1, 2.1.1, and National Instrument 31-109.