MFDA Hearing Panel reserves judgment in the matter of Thomas Arseneau

News provided by

Mutual Fund Dealers Association of Canada

Jul 31, 2012, 17:33 ET

TORONTO, July 31, 2012 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Thomas G. Arseneau by Notice of Hearing dated December 22, 2011.

The hearing of this matter on its merits concluded today in Fredericton, New Brunswick before a three-person Hearing Panel of the MFDA's Atlantic Regional Council. The Hearing Panel reserved its decision and advised that it will issue its decision and written reasons in due course.

A copy of the Notice of Hearing 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 121 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

SOURCE: Mutual Fund Dealers Association of Canada

Marco Wynnyckyj
Hearings Coordinator
416-945-5146 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...