Skip to Main Content

MFDA Hearing Panel issues Reasons for Decision in the matter of Paul J. Poggione

For further information, please contact:

Charles Toth
Vice President, Enforcement

MFDA Hearing Panel issues Reasons for Decision in the matter of Paul J. Poggione

October 30, 2017 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision (“Reasons for Decision”) in connection with a settlement hearing held in Toronto, Ontario on June 26, 2017 in the matter of Paul J. Poggione (“Respondent”).

In its Reasons for Decision dated October 30, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • has paid a fine in the amount of $5,000; and
  • shall successfully complete the Branch Manager’s Course prior to accepting the designation of branch manager or acting in the capacity of a branch manager or any other supervisory role for a Member of the MFDA in the future.

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 conducted business in and around the greater Ottawa 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.

DM 579784