For further information, please contact:
Marco Wynnyckyj Hearings Coordinator
For immediate release
MFDA Hearing Panel reserves judgment in the matter of Lodovico Cavan
November 21, 2013 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Lodovico Angelo Cavan (the “Respondent”) by Notice of Hearing dated June 5, 2013.
The hearing of this matter on its merits took place today in Toronto, Ontario before a Hearing Panel of the MFDA’s Central Regional Council. The parties filed an Agreed Statement of Facts prior to the hearing in which the Respondent admitted to facts which constitute misconduct on his part and for which he could be penalized by a Hearing Panel pursuant to MFDA By-laws.
Following submissions from the parties, the Hearing Panel reserved its decision and advised that it will issue its decision and written reasons 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 114 Members and their approximately 80,000 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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