TORONTO, April 19, 2016 /CNW/ - A Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision in connection with a disciplinary hearing held in Vancouver, British Columbia on March 17, 2016 in the matter of Mohammed Yaasir Husain (the "Respondent"). In its Reasons for Decision dated April 15, 2016, the Hearing Panel confirmed the sanctions imposed on the Respondent:
- a fine in the amount of $2,500;
- costs in the amount of $5,000; and
- shall pay the above noted fine and costs by June 15, 2016.
A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business in the Victoria, British Columbia area.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Charles Toth, Director, Litigation, 416-943-4619, email@example.com; Jeff Mount, Vice-President, Pacific Region, 604-694-8846, firstname.lastname@example.org