MFDA announces disciplinary proceeding in respect of Peiqing (Anna) He, Christina Lin, Keith Kee-Peng Tan and Yue Brenda Zhou

TORONTO, May 2, 2012 /CNW/ - The MFDA today announced that it has commenced disciplinary proceedings in respect of Peiqing (Anna) He, Christina Lin, Keith Kee-Peng Tan and Yue Brenda Zhou (collectively, the "Respondents"). MFDA staff alleges in its Notice of Hearing that the Respondents engaged in the following conduct contrary the By-laws, Rules or Policies of the MFDA:

Allegation #1: From August 2008 to February 2009, Peiqing (Anna) He engaged in securities related business that was not carried on for the account and through the facilities of the Member by selling, referring or facilitating the sale of an investment product to four individuals outside the Member, contrary to MFDA Rules 1.1.1(a) and 2.1.1.

Allegation #2: From September 2008 to March 2009, Keith Kee-Peng Tan received referral fees in the amount of approximately $2,800 in respect of the sale of a security by another individual to two clients outside the Member, contrary to MFDA Rules 2.4.2 and 2.1.1.

Allegation #3: Commencing in 2009, Christina Lin and Yue Brenda Zhou have failed or refused to attend an interview requested by MFDA Staff during the course of an investigation, contrary to section 22.1 of MFDA By-law No. 1 and MFDA Rule 2.1.1.

The first appearance in this matter will take place by teleconference before a Hearing Panel of the MFDA's Central Regional Council on June 26, 2012 at 10:00 a.m. (Eastern) in the MFDA hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario. The purpose of the 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.

A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 123 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

Shaun Devlin
Vice-President, Enforcement
416-943-4672 or [email protected]