MFDA issues Notice of Hearing regarding Christopher Jones

TORONTO, Oct. 13 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings against Christopher Jones (the "Respondent").

MFDA staff alleges in its Notice of Hearing that the Respondent engaged in the following conduct contrary to the By-laws, Rules or Policies of the MFDA:

	Allegation #1: Between February 26, 2003 and March 18, 2008, the Respondent engaged in personal financial dealings with client AS ("AS") by borrowing a total of $13,000 from AS which he failed to repay in full or otherwise account for, contrary to MFDA Rules 2.1.4 and 2.1.1.
	Allegation #2: Commencing September 2008, the Respondent failed to cooperate with an MFDA investigation by failing to comply with a request by MFDA Staff ("Staff") that he provide a written statement concerning the matters under investigation, contrary to section 22 of MFDA By-law No. 1.

The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Central Regional Council on November 8, 2010 at 10:00 a.m. (Eastern). The purpose of the first appearance is to schedule a date for the commencement of the hearing on the merits and to address any other procedural matters, and will be open to the public, except as may be required for the protection of confidential matters.

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 137 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]