MFDA Hearing Panel issues Reasons for Decision in the matter of Sharon Fauth
January 23, 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 in connection with a disciplinary hearing held in Calgary, Alberta on October 26, 2016 in the matter of Sharon June Fauth (the “Respondent”). In its Reasons for Decision dated January 20, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent:
- a fine in the amount of $20,000;
- a suspension from conducting securities related business in any capacity while in the employ of or associated with any MFDA Member for a period of three (3) years, commencing from the date of the Hearing Panel’s Order; and
- costs in the amount of $5,000.
A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in Calgary, Alberta.
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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