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MFDA Hearing Panel issues Reasons for Decision in the matter of Terry Sukman
May 9, 2016 (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 in connection with a disciplinary hearing held in Toronto, Ontario on April 19, 2016 in the matter of Terry William Sukman (the “Respondent”). In its Reasons for Decision dated May 9, 2016, the Hearing Panel confirmed the following sanctions imposed on the Respondent:
• a one (1) year prohibition from conducting securities related business in any capacity while in the employ of, or associated with, any Member of the MFDA;
• a fine in the amount of $10,000; and
• costs in the amount of $2,500.
A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Mississauga, Ontario area.
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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