MFDA suspends W.H. Stuart

The Mutual Fund Dealers of Canada (MFDA) has suspended the membership of Markham, Ont.-based W. H. Stuart Mutuals Ltd.

Back in May, the MFDA ordered the fund dealer to halt all public transactions because the firm was likely to become undercapitalized.

A hearing panel suspended the firm following submissions on May 31 from MFDA staff and counsel for Marilyn Stuart, part owner of W.H. Stuart.

The hearing panel said it will issue written reasons for its decisions in due course and adjourned the proceeding indefinitely.

Firms failed to ensure that investors got fund fee rebates, waivers

Trio of firms sanctioned for regulatory reporting issues

SRO sets out common requirements, contemplates shift to annual CE cycle

Hacking eased in second half, as North Korean attacks dropped

Today's top stories

2025 board members named for key OSC committee, FID, while IFBC’s Susan Allemang retires after 20 years

Panel orders more than US$50M in disgorgement, plus $5M in penalties and costs

A look at the status of selected tax proposals from the Trudeau government

The Dynamic Precious Metals Fund has outperformed its category and index over one, three, five and 10-year periods

Latest news In From the Regulators