MFDA adjourns hearing in the matter of Mohammad Movassaghi

January 15, 2020 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Mohammad Movassaghi (the “Respondent”) by Notice of Hearing dated March 21, 2019, most recently amended on December 10, 2019.

Prior to the commencement of the hearing in this proceeding, scheduled for January 7, 9-10 and 13-14, 2020, the Respondent made an adjournment request to the Hearing Panel. Following submissions by the parties, the Hearing Panel granted the adjournment and directed that the next appearance take place by teleconference on January 16, 2020 at 1:30 p.m. (Pacific), or as soon thereafter as the appearance can be held. The appearance will be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to listen to the teleconference should contact [email protected] to obtain particulars.

A copy of the Fresh as Amended Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Fresh as Amended Notice of Hearing, the Respondent carried on business in the Vancouver, British Columbia area.

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 81,000 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.