TORONTO, Nov. 6, 2013 /CNW/ - A disciplinary hearing in the matter of Barbara Suk Yee Man (the
"Respondent") was held today in Toronto, Ontario before a three-person
Hearing Panel of the MFDA's Central Regional Council.
Following submissions by the parties, the Hearing Panel found that the
three (3) allegations set out in the Notice of Hearing dated May 10,
2013 had been established, imposed the following penalties and costs on
the Respondent, and advised that it will issue written reasons for its
decision in due course:
a three-month prohibition on the authority of the Respondent to conduct
securities related business in any capacity while in the employ of or
associated with any MFDA Member;
a $5,000 fine; and
$5,000 in costs.
A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent
carried on business in the Toronto, Ontario area.
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.
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:
Managing Director, Enforcement