MFDA reschedules Motion in the matter of David Karas

TORONTO, July 24, 2014 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of David H. Karas by Notice of Hearing dated July 2, 2013.

A preliminary Motion in this matter, originally scheduled to take place in person on July 28, 2014, has been rescheduled to August 26, 2014 at 10:00 a.m. (Eastern), or as soon thereafter as the appearance can be held, in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The appearance 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 110 Members and their approximately 80,000 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

Marco Wynnyckyj, Senior Hearings Coordinator, 416-945-5146, [email protected]