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MFDA Hearing Panel reserves decision on motion in the matter of Scott Reeves
March 3, 2016 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Scott Byron Reeves (the “Respondent”) by Notice of Hearing (the “Notice of Hearing”) dated August 27, 2015.
A three-member Hearing Panel of the MFDA’s Central Regional Council heard a motion today in Toronto, Ontario, brought by the Respondent for an adjournment and stay of the proceedings. Following submissions by the parties, the Hearing Panel reserved its decision on the motion and advised that written reasons for decision will be issued in due course.
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.