MFDA adjourns penalty hearing in the matter of Ronald Schwartz
June 20, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Ronald Morrell Schwartz (“Respondent”) by Notice of Hearing dated June 6, 2017.
On June 8, 2018, the Hearing Panel issued its Reasons for Decision (Misconduct) in which it found that the three allegations set out in the Notice of Hearing has been established.
The penalty hearing in this matter, originally scheduled to proceed on June 22, 2018 in Toronto, Ontario, has been adjourned to July 3, 2018 at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be heard, and will take place in the hearing room at the offices of the MFDA, located at 121 King Street West, Suite 1000, Toronto, Ontario. The proceeding will continue to be open to the public, except as may be required for the protection of confidential matters.
Copies of the Reasons for Decision (Misconduct) and the Notice of Hearing are available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision (Misconduct), the Respondent conducted business in the Kitchener-Waterloo, 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 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.