MFDA fines advisor $50,000By The IJ Staff | October 13 2017 01:30PM
Mutual Fund Dealers Association of Canada disciplinary hearing in Toronto on Oct. 11 made the following findings of misconduct against Walter John Dixon.
Beginning Nov. 6, 2015, he failed to cooperate with the MFDA’s investigation into his conduct, contrary to section 22.1 of MFDA By-law No. 1.
The Hearing Panel imposed the following sanctions against Dixon and advised that it will issue written reasons in due course: a permanent prohibition from conducting securities related business in any capacity over which the MFDA has jurisdiction; a fine in the amount of $50,000; and costs in the amount of $7,500.