BCSC panel issues Decision in the matter of Marlene Legare

TORONTO, Sept. 10, 2013 /CNW/ - On July 18, 2011, Marlene Legare, the Respondent in MFDA disciplinary matter #200813, applied to the British Columbia Securities Commission ("BCSC") for a hearing and review of an MFDA Hearing Panel decision, pursuant to section 28 of the British Columbia Securities Act.

In a Decision dated September 4, 2013, a BCSC hearing panel dismissed the Respondent's application, on the basis that the grounds for review were without merit and did not meet the requirements under the British Columbia Securities Act to vary or set aside the decision of the MFDA hearing panel.

Copies of the BCSC hearing panel's Decision and the MFDA hearing panel's Decision and Reasons are available online.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 115 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest. 

SOURCE: Mutual Fund Dealers Association of Canada

Hugh Corbett
Managing Director, Enforcement
416-943-4685
[email protected] 

Jeff Mount
Vice-President, Pacific Region
604-694-8846
[email protected]