February 6, 2017 (Toronto, Ontario) – A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision (“Reasons for Decision”) in connection with a disciplinary hearing held in Edmonton, Alberta on January 10, 2017 in the matter of Jason Perry Boldt (the “Respondent”). In its Reasons for Decision dated February 6, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent:
- a permanent prohibition to conduct securities related business in any capacity over which the MFDA has jurisdiction;
- a fine in the amount of $950,000; and
- costs in the amount of $7,500.
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.