Holy Gilles Latour! Kilger Bagman About to be Shut Down by MFDA at Hearing – OCT 23, 2014

Holy Gilles Latour!  Kilger Bagman About to be Shut Down by MFDA at Hearing – OCT 23, 2014

kilger & Latour ACORNWALL Ontario – Beleaguered former Team Cornwall President  Gilles Latour is watching his empire crumble before his eyes.   In addition to the police charges already laid for fraud the amount of monies being bandied around have now gone from the $200K area to over $600 as the Mutual Fund Dealers Association of Canada is about to shut him down.

The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry.

It was established in June 1998 at the initiative of the Canadian Securities Administrators. The MFDA regulates the operations, standards of practice and business conduct of its Members and their representatives with a mandate to enhance investor protection and strengthen public confidence in the Canadian mutual fund industry.

I spoke with Hugh Corbett, Managing Director of Enforcement for the group today via telephone.

Latour hearing 1 - oct 23 2014

Mr. Corbett referred to Mr. Latour’s case as “RARE” thus why steps are being taken to shut him down even before Mr. Latour’s charges have been proven in court.  To date none have.

Latour hearing 5a - oct 23 2014

Mr. Corbett stated it was highly unusual for a Mutual Fund seller to be charged by police.  He said he couldn’t recall one that was ever being reinstated.

CCPS are still investigating Mr. Latour and seeking more information and possible victims.    Mr. Latour did not respond to CFN’s request for an interview or statement as of press time.

Were you a victim of Gilles Latour and want to go on the record?  You can reach CFN at info@cornwallfreenews.com.

(Comments and opinions of Editorials, Letters to the Editor, and comments from readers are purely their own and don’t necessarily reflect those of the owners of this site, their staff, or sponsors.)

Comment policy reminder 

CFN suggests you post comments using your real name. If you wish to post with a pseudonym you can register that user id by emailing info@cornwallfreenews.com with your name, address, phone number and user id you wish to register.

5 Responses to "Holy Gilles Latour! Kilger Bagman About to be Shut Down by MFDA at Hearing – OCT 23, 2014"

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.