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MFDA Hearing Panel issues Reasons for Decision in the matter of Han Liu

·1 min read

TORONTO, Sept. 30, 2020 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision dated September 29, 2020 ("Reasons for Decision") in connection with a settlement hearing held by electronic hearing in Calgary, Alberta on August 12, 2020 in the matter of Han Liu ("Respondent").

In its Reasons for Decision, the Hearing Panel outlined its reasons for its findings of misconduct and confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • has paid a fine of $12,500;

  • has paid costs of $2,500; and

  • shall in the future comply with MFDA Rule 2.1.1.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent conducted business in the Calgary, Alberta 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 81,000 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

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/September2020/30/c0499.html