This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MFDA Announces Disciplinary Proceeding In Respect Of Geoffrey Gaunt

TORONTO, Dec. 12, 2012 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings in respect of Geoffrey Gaunt (the "Respondent"). MFDA staff alleges in its Notice of Hearing that the Respondent engaged in the following conduct contrary the By-laws, Rules or Policies of the MFDA:

Allegation #1 : Between March 2007 and January 28, 2008, the Respondent engaged in personal financial dealings with client CD when he requested and received from client CD a series of loans totaling approximately $26,000 to pay personal expenses, thereby creating a conflict or potential of interest between the interests of the Respondent and the interests of client CD which the Respondent failed to ensure was addressed by the exercise of responsible business judgment influenced only by the best interests of client, contrary to MFDA Rule 2.1.4 and MFDA Rule 2.1.1.

Allegation #2 :  Between March 2007 and January 28, 2008, the Respondent failed to comply with the policies and procedures of the Member regarding conflicts of interest with clients when he accepted a series of loans totaling approximately $26,000 from client CD to pay personal expenses, contrary to MFDA Rules 1.1.2 and 2.5.1, and MFDA Rule 2.1.1.

Allegation #3 :   Between October 8, 2009 and November 1, 2010, the Respondent failed to report to the Member two consecutive criminal charges against him, one of which he pled guilty to and the other of which was subsequently withdrawn, contrary to section 4.1(d) of MFDA Policy # 6.

The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Atlantic Regional Council on January 28, 2013 at 10:00 a.m. (Atlantic) in order to schedule a date for the commencement of the hearing on the merits and to address any other procedural matters. The first appearance will be open to the public, except as may be required for the protection of confidential matters.

A copy of the Notice of Hearing is available on the MFDA website at

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 117 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,912.59 +0.30 0.00%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,743.5370 -47.6150 -0.99%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs