By The Book:

(March 4, 2008) The Superior Court of Québec has thrown out a lawsuit against the Montréal Exchange filed by 39 former independent traders. The plaintiffs had challenged the exchange’s right to automate its markets, claiming they were given inadequate notice of the implementation. The court has awarded the exchange costs. • • • MFDA issues […]

By Staff | March 4, 2008 | Last updated on March 4, 2008
1 min read

The MFDA says that the advisor broke a number of rules, including failing to make sure that the business he conducted was in compliance with securities regulation and that he didn’t disclose a referral arrangement ” unauthorized business activity of an Approved Person under his supervision and concealed such arrangement and activity by instructing an alternate branch manager to submit false or misleading information to the member.”

He also failed to attend an interview with the MFDA and provide bank records the regulatory organization requested.

(03/04/08)

Advisor.ca staff

Staff

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Previously this week: | MON | TUE | WED | THU |

(March 4, 2008) The Superior Court of Québec has thrown out a lawsuit against the Montréal Exchange filed by 39 former independent traders.

The plaintiffs had challenged the exchange’s right to automate its markets, claiming they were given inadequate notice of the implementation. The court has awarded the exchange costs.

• • •

MFDA issues big fine to Paul Edward Lloyd

(March 4, 2008) Let’s hope Paul Edward Lloyd’s got deep pockets – the Mutual Fund Dealers Association fined him $72,500 and permanently banned him from conducting securities-related work with other MFDA members.

The MFDA says that the advisor broke a number of rules, including failing to make sure that the business he conducted was in compliance with securities regulation and that he didn’t disclose a referral arrangement ” unauthorized business activity of an Approved Person under his supervision and concealed such arrangement and activity by instructing an alternate branch manager to submit false or misleading information to the member.”

He also failed to attend an interview with the MFDA and provide bank records the regulatory organization requested.

(03/04/08)

Previously this week: | MON | TUE | WED | THU |

(March 4, 2008) The Superior Court of Québec has thrown out a lawsuit against the Montréal Exchange filed by 39 former independent traders.

The plaintiffs had challenged the exchange’s right to automate its markets, claiming they were given inadequate notice of the implementation. The court has awarded the exchange costs.

• • •

MFDA issues big fine to Paul Edward Lloyd

(March 4, 2008) Let’s hope Paul Edward Lloyd’s got deep pockets – the Mutual Fund Dealers Association fined him $72,500 and permanently banned him from conducting securities-related work with other MFDA members.

The MFDA says that the advisor broke a number of rules, including failing to make sure that the business he conducted was in compliance with securities regulation and that he didn’t disclose a referral arrangement ” unauthorized business activity of an Approved Person under his supervision and concealed such arrangement and activity by instructing an alternate branch manager to submit false or misleading information to the member.”

He also failed to attend an interview with the MFDA and provide bank records the regulatory organization requested.

(03/04/08)