TORONTO, Feb. 6, 2013 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings in respect of Kimberly Ann Haylock (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 February 17, 2010 and November 25, 2011, the Respondent engaged in personal financial dealings with client MB by personally borrowing approximately $2,200 from client MB, which amount remained outstanding until November 25, 2011, thereby giving rise to an actual or potential conflict of interest between the interests of the Respondent and the interests of client MB, which the Respondent failed to ensure was addressed by the exercise of responsible business judgment influenced only by the best interests of client MB, contrary to MFDA Rule 2.1.4. The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Central Regional Council on March 21, 2013 at 10:00 a.m. (Eastern) in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the appearance is to set a date for the hearing of this matter on its merits and to address any other procedural matters and 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 www.mfda.ca. The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 115 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest.