MFDA Hearing Panel issues Reasons for Decision in the matter of Martine Yargeau

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Mutual Fund Dealers Association of Canada

Dec 11, 2017, 18:59 ET

TORONTO, Dec. 11, 2017 /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 settlement hearing held in Toronto, Ontario on October 26, 2017 in the matter of Martine Roxanne Yargeau ("Respondent").

In its Reasons for Decision dated December 8, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • is prohibited from conducting securities related business in any capacity while in the employ of or associated with a Member of the MFDA for a period of one (1) year; and
  • shall in the future comply with MFDA Rule 2.1.1.

In the Settlement Agreement dated April 10, 2017, the Respondent admitted that:

a)

on or about October 27, 2014, she falsified two (2) client signatures on an account form and submitted the account form for processing, contrary to MFDA Rule 2.1.1; and

b)

between January 2013 and February 2015, she obtained, possessed, or used to process transactions, 203 pre-signed account forms in respect of 45 clients, contrary to MFDA Rule 2.1.1.

Copies of the Reasons for Decision and the Settlement Agreement are available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Toronto, 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 83,000 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

Charles Toth, Director, Litigation, 416-943-4619, [email protected]

Related Links

http://www.mfda.ca

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Mutual Fund Dealers Association of Canada

The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry. It was established in June 1998 at the initiative of the Canadian Securities Administrators. The MFDA...