MFDA Hearing Panel adjourns Hearing on the Merits in the matter of Hyun Chul Lee

TORONTO, March 17, 2016 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Hyun Chul Lee (the "Respondent") by Notice of Hearing (the "Notice of Hearing") dated November 9, 2015.

Prior to the commencement of the hearing of this matter on its merits, scheduled for March 17, 2016, the Respondent made an adjournment request to the Hearing Panel. The Hearing Panel granted the adjournment and the hearing is now scheduled to take place on June 17, 2016, commencing at 10:00 a.m. (Pacific), or as soon thereafter as the matter can be heard, in the hearing room at the British Columbia Securities Commission, located at 1200-701 West Georgia Street, Vancouver, British Columbia. The proceeding 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. During the period described in the Notice of Hearing, the Respondent carried on business in Surrey and Lac La Hache, British Columbia.

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 83,000 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

Marco Wynnyckyj, Manager, Hearings, 416-945-5146, [email protected]