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Nova Scotia Securities Commission issues decision in the matter of Gregory Burke

For further information, please contact:

Charles Toth
Vice President, Enforcement

Nova Scotia Securities Commission issues decision in the matter of Gregory Burke

June 10, 2020 (Toronto, Ontario) – A Hearing Panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) issued its Decision and Reasons (Penalty) on December 19, 2017 (“MFDA Decision”), in connection with a disciplinary hearing held on August 10, 2017 in Halifax, Nova Scotia in respect of Gregory Burke. A copy of the MFDA Decision is available on the MFDA website at www.mfda.ca.

On May 17, 2018, Mr. Burke applied to the Nova Scotia Securities Commission (“NSSC”) for a Hearing and Review of the MFDA Decision, pursuant to subsections 30(5) and 5(A) of the Nova Scotia Securities Act.

The NSSC Hearing Panel issued its Decision on June 3, 2020 (“NSSC Decision”) and dismissed Mr. Burke’s application to vacate the MFDA Decision and require the MFDA to grant Mr. Burke a new hearing on the merits before a new MFDA panel. A copy of the NSSC Decision is available on the NSSC website here.

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 81,000 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.

DM 747034