TORONTO, June 24, 2013 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings
in respect of Wei William Zhang (the "Respondent"). MFDA staff alleges
in its Notice of Hearing that the Respondent engaged in the following
conduct contrary the By-laws, Rules or Policies of the MFDA:
Allegation #1: Commencing in or about July 2010, the Respondent has failed to cooperate
with an MFDA investigation by failing to comply with a request by MFDA
Staff that he attend for an MFDA interview, contrary to section 22.1 of
MFDA By-law No. 1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Central Regional Council on August
19, 2013 at 10:15 a.m. (Eastern) in the MFDA hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the
first appearance is to set a date for the hearing of this matter on its
merits, and to address any other procedural matters, and will be open
to the public, except as may be required for the protection of
A copy of the Notice of 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 116 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
For further information:
Director of Litigation