October 2, 2017 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Decision and Reasons (Penalty) dated October 2, 2017 (“Decision and Reasons”) in connection with a penalty hearing held in Toronto, Ontario on June 21, 2017 in the matter of John Richard Wolfenden (“Respondent”).
In its Decision and Reasons, the Hearing Panel imposed the following sanctions on the Respondent:
- a fine in the amount of $5,000 with respect to all allegations; and
- costs of the amount of $5,000.
A copy of the Decision and Reasons (Penalty) is available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Penalty), 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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