March 7, 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 Megha Arora (the “Respondent”) by Notice of Settlement Hearing dated December 5, 2022 (the “Notice of Settlement Hearing”).
The settlement hearing in this proceeding commenced electronically by videoconference on March 6, 2023 before a three-member Hearing Panel of the New SRO’s Manitoba District Hearing Committee. Following submissions from the parties, the Hearing Panel adjourned the settlement hearing to March 29, 2023 at 10:00 a.m. (Central), or as soon thereafter as the matter can be held. Members of the public who would like to obtain further particulars should contact [email protected]
A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Settlement Hearing, the Respondent carried on business in the Winnipeg, Manitoba 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.