TORONTO, Jan. 23, 2013 /CNW/ - A Settlement Hearing in the matter of
Peiqing (Anna) He (the "Respondent") was held yesterday in Toronto,
Ontario before a Hearing Panel of the MFDA's Central Regional Council.
The Hearing Panel accepted the Settlement Agreement between MFDA Staff
and the Respondent, as a consequence of which the Respondent has:
been suspended for a period of five (5) years from conducting securities
related business while in the employ of or associated with any Member
of the MFDA; and
paid a fine of $5,000; and
paid costs of $5,000.
In the Settlement Agreement, the Respondent admitted that, from August
2008 to February 2009, she engaged in securities related business that
was not carried on for the account and through the facilities of the
Member by referring the sale of an investment product to four
individuals outside the Member, contrary to MFDA Rules 1.1.1(a) and
The Hearing Panel advised that it will issue written reasons for its
decision in due course. A copy of the Settlement Agreement 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
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