MFDA Hearing Panel announces penalty and issues Reasons for Decision in the matter of Youssef Hamzi

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Mutual Fund Dealers Association of Canada

Jul 11, 2012, 15:39 ET

TORONTO, July 11, 2012 /CNW/ - A Hearing Panel of the Central Regional Council of the MFDA has announced the penalty and issued its Reasons for Decision in connection with the disciplinary hearing held in Toronto, Ontario on June 18, 2012 in the matter of Youssef Hamzi.

A copy of the Reasons for Decision 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 121 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]

Organization Profile

Mutual Fund Dealers Association of Canada

The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry. It was established in June 1998 at the initiative of the Canadian Securities Administrators. The MFDA...