December 27, 2017 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) issued its Decision and Reasons on October 2, 2017, in connection with a disciplinary hearing held in Toronto, Ontario in respect of John Richard Wolfenden. A copy of the Decision and Reasons (Penalty) is available on the MFDA website at www.mfda.ca.
On November 1, 2017, the MFDA applied to the Ontario Securities Commission (“OSC”) for a Hearing and Review of the MFDA Hearing Panel’s decision, pursuant to sections 8 and 21.7 of the Securities Act, R.S.O. 1990, c. S.5, as amended. On November 2, 2017, the Respondent also applied for a hearing and review. A copy of the OSC’s Notice of Hearing in this matter is available on the OSC website here.
The Review Hearing has been scheduled to commence on January 15, 2018, at 10:00 a.m. (Eastern), or as soon thereafter as the hearing can be held, at the offices of the OSC located at 20 Queen Street West, 17th Floor, in the City of Toronto.
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.