MFDA Hearing Panel issues Reasons for Decision in the matter of Rouzbeh Vatanchi and Kitty Ho

TORONTO, Aug. 5, 2015 /CNW/ - A Hearing Panel of the Central 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 Toronto, Ontario on June 29, 2015 in the matter of Rouzbeh Vatanchi ("Vatanchi") and Kitty Ho ("Ho") (collectively, the "Respondents"). In its Reasons for Decision dated August 4, 2015, the Hearing Panel confirmed the following sanctions imposed on the Respondents:

As against Vatanchi:

  • a permanent prohibition from conducting securities related business in any capacity while in the employ of, or in association with, any MFDA Member;
  • a fine in the amount of $125,000; and
  • costs in the amount of $7,500.

As against Ho:

  • a permanent prohibition from conducting securities related business in any capacity while in the employ of, or in association with, any MFDA Member;
  • a fine in the amount of $75,000; and
  • costs in the amount of $7,500.

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 Respondents carried on business in the Greater Toronto Area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 103 Members and their over 80,000

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, ctoth@mfda.ca

RELATED LINKS
http://www.mfda.ca

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