TORONTO, May 6 /CNW/ - In October 2009, Staff of the Mutual Fund Dealers
Association of Canada ("MFDA") applied to the British Columbia
Securities Commission ("BCSC") to review the decision of an MFDA
hearing panel in the matter of Tony Tung-Yuan Lin.
In a Decision dated April 21, 2011, a BCSC review panel confirmed the
MFDA hearing panel's August 2009 decision that Mr. Lin did not
contravene MFDA rules by engaging in excessive trading, however it set
aside the MFDA panel's interpretation and application of the MFDA's
rules in the context of excessive trading.
Copies of the BCSC review panel's Decision and the MFDA hearing panel's Decision and Reasons are available online.
The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business
conduct of its 136 Members and their approximately 75,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
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