MFDA Hearing Panel issues Reasons for Decision in the matter of Daniel Yanaky
TORONTO, March 18, 2015 /CNW/ - 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 January 19-20, 2015 in the matter of Daniel William Yanaky (the "Respondent"). The Reasons for Decision relate to the Hearing Panel's findings made on January 20, 2015. In its Reasons for Decision dated March 17, 2015, the Hearing Panel announced the following sanctions against the Respondent:
| a) |
a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any Member of the MFDA; |
| b) |
a fine in the amount of $75,000; and |
| c) |
costs payable to the MFDA, in the amount of $5,000. |
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 Mississauga, Ontario.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 105 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.
SOURCE Mutual Fund Dealers Association of Canada
Hugh Corbett, Managing Director, Enforcement, 416-943-4685, [email protected]
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