MFDA Hearing Panel makes findings against Scott Kelly and issues Decision and Reasons (Misconduct)

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Mutual Fund Dealers Association of Canada

Nov 20, 2012, 16:29 ET

TORONTO, Nov. 20, 2012 /CNW/ - Hearing Panel of the MFDA's Central Regional Council has issued its Decision and Reasons (Misconduct) in connection with the disciplinary hearing held in Toronto, Ontario on October 11, 2012 in the matter of Scott Michael Kelly (the "Respondent").

In its Decision and Reasons (Misconduct), the Hearing Panel found that the two allegations made against the Respondent in the Notice of Hearing issued June 22, 2012 had been established. Submissions with respect to penalty will take place on a date and at a venue to be announced.

A copy of the Decision and Reasons (Misconduct) 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 119 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

Shaun Devlin
Vice-President, Enforcement
416-943-4672 or [email protected]

Organization Profile

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...