MFDA Launches Seniors' Section on Website

TORONTO, June 16, 2014 /CNW/ - The protection of seniors and other vulnerable groups is an area of focus for the Mutual Fund Dealers Association of Canada ("MFDA"). The MFDA recognizes that the protection of seniors is paramount to fostering public confidence in the integrity of the capital markets among all Canadians, and therefore assigns a high priority to matters involving seniors in all aspects of MFDA operations. For example, MFDA staff prioritizes complaints from seniors in its enforcement activities, and provides specialized training and education on seniors' issues to its membership. 

June is Seniors' Month in Canada and the MFDA is marking the occasion by launching a seniors' section on the MFDA website. 

"Seniors are one of the fastest growing demographics in Canada and a priority for the MFDA. Approximately 30% of all formal disciplinary proceedings taken by our enforcement department involve seniors or other vulnerable groups.  The seniors' section of the MFDA website contains information about the assistance that the MFDA can provide to seniors, as well as a library of links to on-line resources directed towards Canadian seniors," said MFDA President and CEO Mark Gordon.

The new section can be accessed from the "For Investors" section of the MFDA website or directly at this link: http://www.mfda.ca/investors/seniors.html. 

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The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 111 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

Ian Strulovitch, Director, Public Affairs, [phone] or [email protected]