MFDA and Respondent withdraw request for Hearing and Review in respect of John Wolfenden
June 5, 2018 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) issued Decision and Reasons (Penalty) 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 22, 2017, the Respondent also applied for a Hearing and Review.
The Applications for Hearing and Review have been withdrawn. Copies of the Notices of Withdrawal dated June 4, 2018 are available on the OSC website at www.osc.gov.on.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 82,000 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.