MFDA adjourns Hearing on the Merits in the matter of Neil Kumar

February 8, 2019 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Neil Kumar (“Respondent”) by Notice of Hearing dated May 23, 2018.

The disciplinary  proceeding in this matter commenced on February 7, 2019 before a three-member Hearing Panel of the MFDA’s Central Regional Council. At the hearing, the Respondent made an made an adjournment request to the Hearing Panel. Following submissions by the parties, the Panel adjourned the hearing to March 18-19, 2019, commencing at 10:00 a.m. (Eastern) each day, or as soon thereafter as the matter can be heard, in the hearing room at the offices of the MFDA, 121 King Street, Suite 1000, Toronto, Ontario. The hearing will continue 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 Mississauga, Ontario, 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.