TORONTO, Nov. 14, 2016 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision ("Reasons for Decision") in connection with a disciplinary hearing held in Toronto, Ontario on October 12, 2016 in the matter of Charles Albert Martin (the "Respondent"). In its Reasons for Decision dated November 11, 2016, the Hearing Panel outlines its reasons for the findings made against the Respondent as well as the sanctions imposed. In particular, the Hearing Panel found that the Respondent: Allegation #4: Between February 6, 2013 and September 20, 2013, disregarded directives from the Member to cease charging service fees or engaging in fee for service activities with clients outside the Member, and then mislead the Member about accepting service fees and engaging in fee for service activities with clients, thereby interfering with the ability of the Member to supervise the Respondent and comply with its obligations under MFDA Rule 2.9 and MFDA Policy No. 4, contrary to MFDA Rules 1.1.2, 1.1.5, 2.10 and 2.1.1. Allegation #5: On May 29, 2014, mislead Staff during the course of its investigation when he falsely stated during an interview with Staff that he had ceased charging service fees to clients in December 2012, contrary to section 22.1 of MFDA By-law No. 1.