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NEWS RELEASE

For immediate release
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For further information, please contact:

Marco Wynnyckyj

Manager, Hearings

(416) 945-5146

mwynnyckyj@mfda.ca

MFDA schedules next appearance in the matter of Shafique Hirani

July 13, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Shafique Hirani (“Respondent”) by Notice of Hearing dated April 28, 2017 (“Notice of Hearing”).

The first appearance in this proceeding took place today by teleconference before a Hearing Panel of the MFDA’s Prairie Regional Council.

Following submissions by the parties, the Hearing Panel directed that the next appearance take place on August 11, 2017 at 10:00 a.m. (Mountain), 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.

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 Calgary, Alberta 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 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.