MFDA fines and bans advisorBy The IJ Staff | May 04 2018 01:30PM
A Mutual Fund Dealers Association of Canada (MFDA) disciplinary hearing panel held May 3 in Charlottetown, Prince Edward Island has fined David Hamilton Cudmore $125,000 for misconduct, plus $7,000 in costs.
The hearing panel found that Cudmore had failed to co-operate with an investigation into his activities by MFDA staff contrary to section 22.1 of MFDA By-law No. 1 and MFDA Rule 2.1.1..
In addition to the fine, Cudmore will be permanently prohibited from conducting securities related business in any capacity while under the employ or associated with any MFDA member.
To learn more, consult the Notice of Hearing on the MFDA’s website.