MFDA Hearing Panel issues Reasons for Decision in the matter of Deryl Thompson

TORONTO, Aug. 5, 2021 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision dated August 4, 2021 ("Reasons for Decision"), in connection with a settlement hearing held by electronic hearing in Edmonton, Alberta on June 1, 2021, in the matter of Deryl Emerson Francis Thompson ("Respondent").

In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

• has been permanently prohibited from conducting securities related business in any capacity while in the employ of or associated with a Member of the MFDA;
• has paid costs of $3,750;
• shall pay a fine of $10,000 ("Fine");
• payment of the Fine shall be made as follows:
• $1,668 (Fine) on or before July 30, 2021
• $1,668 (Fine) on or before August 31, 2021;
• $1,666 (Fine) on or before September 30, 2021;
• $1,666 (Fine) on or before October 29, 2021;
• $1,666 (Fine) on or before November 30, 2021; and
• $1,666 (Fine) on or before December 31, 2021.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent conducted business out of the Edmonton, Alberta area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 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