MFDA Hearing Panel approves Settlement Agreement in the Matter of Bradley
Gabrielson
TORONTO, Nov. 23 /CNW/ - A Settlement Hearing in the matter of Bradley Monroe Gabrielson (the "Respondent") took place on November 18, 2010 in Calgary, Alberta before a Hearing Panel of the MFDA's Prairie Regional Council.
The Hearing Panel approved a Settlement Agreement between MFDA Staff and the Respondent, as a consequence of which:
- the Respondent was permanently prohibited from conducting securities related business in any capacity while in the employ of, or in association with, any MFDA Member;
- the Respondent shall pay a fine of $10,000 as follows:
(i) $2,000 upon acceptance of the Settlement Agreement; and
(ii) $2,000 payable on the 18th of each and every month thereafter, commencing on December 18, 2010, until paid in full; and
- the Respondent shall pay $2,500 for the costs of the investigation and settlement of this matter.
The Hearing Panel advised that it will issue written reasons for its decision in due course. A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 136 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.
For further information:
Shaun Devlin
Vice-President, Enforcement
416-943-4672 or [email protected]
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