March 29, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of John Richard Wolfenden (the “Respondent”) by Notice of Hearing dated June 18, 2015. (the “Notice of Hearing”).
On January 5, 2017, the Hearing Panel issued its Decision and Reasons (Misconduct) in which it found that the three (3) allegations concerning the Respondent as set out in the Notice of Hearing has been established.
The penalty hearing in this matter, originally scheduled to proceed on April 10, 2017 in Toronto, Ontario, has been adjourned at the request of the Respondent, to an appearance by teleconference before the Hearing Panel on April 10, 2017 at 10:00 a.m. (Eastern), or as soon thereafter as the appearance can be held. The appearance will be open to the public, except as may be required for the protection of confidential matters.
Copies of the Decision and Reasons (Misconduct) and the Notice of Hearing are available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Misconduct), the Respondent conducted business in the Sarnia, Ontario area.
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 83,000 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.
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