TORONTO, Sept. 5, 2012 /CNW/ - The MFDA today announced that it has
issued a Notice of Settlement Hearing regarding the presentation,
review and consideration of a proposed settlement agreement by a
Hearing Panel of the MFDA's Central Regional Council.
The settlement agreement will be between Staff of the MFDA and Alex Wai
Yuk Lam (the "Respondent") and involves matters for which the
Respondent may be disciplined by a Hearing Panel pursuant to MFDA
The proposed agreement concerns allegations that the Respondent obtained
and maintained 28 blank and incomplete pre-signed forms for 16 clients
from 2002 to 2010, contrary to MFDA Rule 2.1.1(a).
The settlement hearing is scheduled to take place on September 11, 2012
commencing at 10:00 a.m. (Eastern) in the MFDA hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario. The hearing will be
open to the public, except as may be required for the protection of
A copy of the Notice of Settlement Hearing 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 120 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
For further information:
416-943-4672 or email@example.com