March 2, 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 disciplinary hearing held in Toronto, Ontario on January 24, 2017 in the matter of Anthony Paul Dorzek (the “Respondent”). In its Reasons for Decision dated March 1, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent:
- a permanent prohibition on his authority to conduct securities related business in any capacity while in the employ of, or in association with, any MFDA Member;
- a fine in the amount of $75,000; and
- costs in the amount of $10,000.
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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