The self regulatory organization for mutual fund dealers, the Mutual Fund Dealers Association of Canada ("MFDA"), made an interesting decision on May 8, 2012 on a motion by a branch manager to strike out a regulatory proceeding arising from allegations that he failed to adequately monitor and report the wrongful activities of an insurance salesperson who operated in his branch but did not actually work for the mutual fund dealer at issue. In the MFDA proceeding Re: Gabriele Gentile, it is alleged that the Respondent failed to take adequate steps to monitor and investigate a licensed insurance agent who worked [...] Full article