TORONTO, July 9, 2014 /CNW/ - An Application Hearing in the matter of TeamMax Investment Corporation ("TeamMax") and Anthony Chau ("Chau") was held yesterday in Toronto, Ontario before a 3-person Hearing Panel of the MFDA's Central Regional Council pursuant to section 24.3 of MFDA By-law No. 1.
Following submissions from the parties, the Hearing Panel signed an Order granting certain relief, including terms and conditions on the operation of TeamMax and terms and conditions on the authority of Chau to conduct securities related business.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 110 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: Hugh Corbett, Managing Director, Enforcement, 416-943-4685, [email protected]