TORONTO, Oct. 21, 2016 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons (Penalty) dated October 21, 2016 ("Decision and Reasons") in connection with a disciplinary hearing held in Toronto, Ontario on September 8, 2016 in the matter of Lisa Hua Deng Huang (the "Respondent").
In its Decision and Reasons (Penalty) the Hearing Panel imposed the following sanctions on the Respondent:
a) a prohibition for 10 years 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;
b) a fine in the amount of $50,000; and
c) costs in the amount of $7,500.
A copy of the Decision and Reasons (Penalty) is available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Penalty), 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 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 protected]