New SRO reschedules Hearing on the Merits in the matter of Zahir Lehri

April 17, 2023 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”), now New Self-Regulatory Organization of Canada (“New SRO”), commenced a disciplinary proceeding in respect of Zahir Hussain Lehri (the “Respondent”) by Notice of Hearing dated October 13, 2022 (“Notice of Hearing”).

An appearance in this proceeding was held by videoconference before a Hearing Panel of the New SRO’s Ontario District Hearing Committee on April 5, 2023.

Following submissions by the parties, the hearing of this matter on its merits, previously set for May 1-2, 2023, has been rescheduled to proceed electronically by videoconference before a Hearing Panel of the New SRO’s Ontario District Hearing Committee on September 12-13, 2023, commencing at 10:00 a.m. (Eastern) each day. The proceeding 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 participate should contact [email protected] to obtain particulars.

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 the Brampton, Ontario area.

New Self-Regulatory Organization of Canada is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.newselfregulatoryorganizationofcanada.ca.

-30-