MFDA sets date for next appearance in the matter of Mohamed Al-Bayoumi

May 26, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Mohamed Said Ahmed Al-Bayoumi (“Respondent”) by Notice of Hearing dated February 8, 2017 (“Notice of Hearing”).

As specified in the Notice of Hearing, the first appearance in this proceeding was held on May 25, 2017 by teleconference before a Hearing Panel of the MFDA’s Central Regional Council

Following submissions by the parties, the Hearing Panel directed that the next appearance take place by teleconference on June 29, 2017 at 9:00 a.m. (Eastern), 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 London, 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 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.