A hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada has issued a Reasons for Decision document in connection with a disciplinary hearing held in Toronto, Ontario, on July 23, 2014, in the matter of Robert Andrew Shaw.

Shaw was formerly registered in Ontario as a mutual fund salesperson with Investors Group Financial Services. According to the document, the hearing panel levied the following fine, and confirmed sanctions imposed at the hearing, on Shaw:

  • a fine in the amount of $250,000;
  • a permanent prohibition on the authority of the respondent to conduct securities related business in any capacity; and
  • costs in the amount of $7,500.

Read the Reasons for Decision document for details on the case.

Originally published on

Add a comment

You must be logged in to comment.

Register on