MFDA Hearing Panel makes findings against Tony Siu Fai Tong and issues Decision and Reasons

TORONTO, Oct. 22, 2013 /CNW/ - A Hearing Panel of the Prairie Regional Council of the MDFA has issued its Decision and Reasons in connection with the disciplinary hearing held in Calgary, Alberta on May 24, 2013 in the matter of Tony Siu Fai Tong.

In its Decision and Reasons, the Hearing Panel found that Allegations 1, 2 and 3 made against the Respondent in the Notice of Hearing issued January 21, 2013 had been established. As a consequence, the Hearing Panel has imposed the following sanctions on the Respondent:

  • a permanent prohibition from conducting securities related business in any capacity while in the employ of, or associated with, any MFDA Member;
  • a fine of $90,000; and
  • costs of $7,500.

A copy of the Decision and Reasons is available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 115 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest.

SOURCE: Mutual Fund Dealers Association of Canada

For further information:

Hugh Corbett
Managing Director, Enforcement
416-943-4685
hcorbett@mfda.ca

Mark Stott
Vice-President, Prairie Region
403-215-8329
mstott@mfda.ca


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.