MFDA Hearing Panel reserves judgment at settlement hearing in respect of Sun Life Financial Investment Services (Canada) Inc.
December 20, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Sun Life Financial Investment Services (Canada) Inc. (“Respondent”) by Notice of Settlement Hearing dated December 15, 2017.
A settlement hearing in this matter was commenced today in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the MFDA. The Hearing Panel reserved its decision as to whether it will accept or reject the settlement agreement between Staff of the MFDA and the Respondent.
In the event that the Hearing Panel accepts the settlement agreement, the Hearing Panel will provide written reasons for its decision. If the Hearing Panel rejects the settlement agreement, then the Panel may provide written reasons for its decision at its own initiative or shall provide written reasons at the request of a party to the proceeding.
A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca.
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.