MFDA schedules date for penalty hearing in the matter of Guy Dudding

December 16, 2021 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Guy Edward Dudding (“Respondent”) by Notice of Hearing dated May 18, 2021.

As previously announced, the misconduct portion of this proceeding was held on December 1-2, 2021 before a three-member Hearing Panel of the MFDA’s Prairie Regional Council. The Hearing Panel found that the five allegations set out in the Amended Notice of Hearing had been established.

A penalty hearing will take place electronically be videoconference before a Hearing Panel of the MFDA’s Prairie Regional Council on December 17, 2021 at 12:30 p.m. (Central). The proceeding will continue to be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to participate should contact hearings@mfda.ca to obtain particulars.

A copy of the Amended Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Amended Notice of Hearing, the Respondent carried on business in the Lloydminster, Alberta 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 80,000 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.