The Nova Scotia Securities Commission is has scheduled a hearing for two mutual fund reps, alleging assorted rule violations.

The NSSC has issued a notice of hearing against Bruce Schriver and Christopher Bevis, who have been registered as salespersons with Select Money Strategies Inc. since 1999.

It alleges various violations of securities rules, including: failing to deal fairly, honestly, and in good faith by discretionary trading; failing to obtain Know-Your-Client information; trading activity that constituted “churning”; acting beyond registration; and entering a referral arrangement contrary to Mutual Fund Dealers Association rules.

None of these allegations have been proven. A hearing has been scheduled for September 9.

The securities commission is seeking a three-year registration suspension, an administrative penalty of $25,000, and costs of the investigation and hearing.