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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 reschedules settlement hearing in the matter of Shahin Golestani

May 15, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Shahin Golestani (“Respondent”) by Notice of Hearing dated September 25, 2017.

The settlement hearing in this proceeding, originally scheduled to take place on May 24, 2018 before a Hearing Panel of the Pacific Regional Council of the MFDA in Vancouver, British Columbia, will now proceed on June 11, 2018 at 10:00 a.m. (Pacific), or as soon thereafter as the hearing can be held.

MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca.

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 Burnaby, 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 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.