By Lawrence Ritchie, Lipi Mishra and Zoe Sebastien ( December 6, 2021, 2:41 PM EST) -- Last month, staff of the Mutual Fund Dealers Association of Canada (MFDA staff) successfully appealed a decision of its own self-regulatory organization hearing panel (SRO Hearing Panel). The ruling of the Ontario Securities Commission (Commission Panel) in Mutual Fund Dealers Assn. (Re), 2021 ONSEC 24, which came out in October, found that the SRO Hearing Panel had erred in its decision not to order financial sanctions against the respondent mutual fund representative who had misappropriated client funds. According to the Commission Panel, financial sanctions were warranted in the public interest....