MFDA announces disciplinary proceeding in respect of Wei William Zhang
TORONTO, June 24, 2013 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings in respect of Wei William Zhang (the "Respondent"). MFDA staff alleges in its Notice of Hearing that the Respondent engaged in the following conduct contrary the By-laws, Rules or Policies of the MFDA:
Allegation #1: Commencing in or about July 2010, the Respondent has failed to cooperate with an MFDA investigation by failing to comply with a request by MFDA Staff that he attend for an MFDA interview, contrary to section 22.1 of MFDA By-law No. 1.
The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Central Regional Council on August 19, 2013 at 10:15 a.m. (Eastern) in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the first appearance is to set a date for the hearing of this matter on its merits, and to address any other procedural matters, and 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 116 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada