MFDA Hearing Panel adjourns Hearing on the Merits in the matter of Yan Feng Li

TORONTO, Dec. 5, 2016 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Yan Feng Li (also known as Frank Li) (the "Respondent") by Notice of Hearing (the "Notice of Hearing") dated January 22, 2015.

Prior to the commencement of the Hearing on the Merits in this matter, scheduled for December 6, 2016, the parties made an adjournment request to the Hearing Panel. The Hearing Panel granted the adjournment to a date to be determined and announced accordingly. The proceeding will continue 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 conducted business in Markham, Ontario.

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]