TORONTO, May 30, 2017 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Chun-Yi Tay ("Respondent") by Notice of Hearing dated February 8, 2017 ("Notice of Hearing").
A settlement hearing in this matter was held today in Vancouver, British Columbia before a three-member Hearing Panel of the MFDA's Pacific Regional Council. Following submissions from the parties, the Hearing Panel rejected the settlement agreement entered into between MFDA Staff and the Respondent and made no orders in the matter.
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 Richmond, British Columbia 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@example.com; Jeff Mount, Vice-President, Pacific Region, 604-694-8846, firstname.lastname@example.org