January 8, 2021 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Derek Chapman (“Respondent”) by Notice of Hearing dated April 25, 2019.
In its Decision and Reasons (Misconduct) dated December 2, 2020, the Hearing Panel outlined its reasons for the findings of misconduct made against the Respondent.
A penalty hearing in this proceeding will take place by electronic hearing on March 31, 2021, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be heard. The proceeding will continue to be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to obtain particulars should contact email@example.com.
Copies of the Decision and Reasons (Misconduct) and the Notice of Hearing are available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Misconduct), the Respondent conducted business in the St. Catharines, 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 81,000 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.