TORONTO, July 7, 2014 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") today announced that it has issued a Notice of Application pursuant to section 24.3 of MFDA By-law No. 1 in respect of TeamMax Investment Corporation ("TeamMax") and Anthony Chau ("Chau").
The Notice of Application states that MFDA Staff will be seeking, among other things, an Order from a Hearing Panel of the MFDA's Central Regional Council granting certain relief, including terms and conditions of the operation of TeamMax and terms and conditions on the authority of Chau to conduct securities related business.
The application will be heard by the Hearing Panel on July 8, 2014 at 10:00 a.m. (Eastern), or as soon thereafter as the appearance can be held, in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The appearance will be open to the public, except as may be required for the protection of confidential matters.
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]