MFDA Panel hears motion and adjourns hearing in the matter of Harold Backer
July 13, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Harold Magnus Backer (“Respondent”) by Notice of Hearing dated September 12, 2017.
A Hearing Panel of the MFDA’s Pacific Regional Council heard a motion yesterday by teleconference, brought by Staff of the MFDA seeking to amend the Notice of Hearing. At the motion appearance, the Respondent made an adjournment request of the hearing of this matter on its merits, scheduled for July 16-17, 2018. Following submissions by the parties, the Panel granted MFDA Staff leave to amend the Notice of Hearing and the Respondent’s adjournment request. The Panel directed that the hearing take place on August 8-9, 2018, commencing at 10:00 a.m. (Pacific) each day, or as soon thereafter as the hearing can be held, at a venue to be determined and announced accordingly. The proceeding will be open to the public, except as may be required for the protection of confidential matters.
A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent conducted business in the Victoria, British Columbia 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.