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MFDA fines former rep $100K

By The IJ Staff | Jan. 17, 2020, 1:05 p.m.

A hearing panel of the Mutual Fund Dealers Association of Canada has permanently banned a former representative and fined her $100,000, plus costs of $7,500.

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MUTUAL FUND DEALERS ASSOCIATION OF CANADA (MFDA)

Repeat offender thrown out of the industry permanently

Firms, associations and reps weigh in on advisor compensation

Representative fined $125,000 and banned for accepting power of attorney

Representative switching firms fined $20,000 for 47 pre-signed forms

Disciplinary Decisions

Agent who defrauded retired couple banned from securities registration

Agency fined $20,000 for repeatedly allowing unlicensed activity

Mutual fund rep fined close to $1.7-million

Missing continuing education, lapsed liability insurance nets $4,000 fine