MFDA Hearing Panel accepts settlement agreement with Alex Eng
TORONTO, April 27, 2022 /CNW/ - A settlement hearing in the matter of Alex Eng(the "Respondent") was held electronically by video conference on April 26, 2022 in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
- TORONTO, April 27, 2022 /CNW/ - A settlement hearing in the matter of Alex Eng(the "Respondent") was held electronically by video conference on April 26, 2022 in Toronto, Ontario before a three-member Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
- The Hearing Panel accepted the settlement agreement dated February 1, 2022 (the "Settlement Agreement"), between Staff of the MFDA and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
a fine in the amount of $12,500, payable as follows:
$4,166.67 on or before May 31, 2022;
$4,166.67 on or before June 30, 2022;
$4,166.67 on or before July 29, 2022;
costs in the amount of $5,000; and
shall in the future comply with MFDA Rules 2.1.4, 2.1.1, 2.5.1 and 1.1.2. - A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
- During the period described in the Settlement Agreement, the Respondent carried on business in Montreal, Qubec.