MFDA concludes proceeding against Vinay Sarna
TORONTO, Jan. 30, 2015 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") has withdrawn the allegations in the Notice of Hearing dated January 31, 2014 in respect of Vinay Sarna (the "Respondent"), and the disciplinary proceeding against the Respondent is concluded. As a result, the Hearing on the Merits previously scheduled for February 5, 2015 in Toronto, Ontario will not take place. The MFDA's decision was based upon a reassessment of the case.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 107 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
Hugh Corbett, Managing Director, Enforcement, 416-943-4685, [email protected]
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