July 12, 2022 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Sungsoo (Steve) Lee (the “Respondent”) by Notice of Hearing dated December 22, 2021 (“Notice of Hearing”).
An appearance in this proceeding was held on June 28, 2022 by videoconference before a Hearing Panel of the MFDA’s Pacific Regional Council.
Following submissions by the parties, the Hearing on the Merits has been scheduled to take place electronically by videoconference on January 17-19, 2023, commencing at 10:00 a.m. (Pacific) each day, or as soon thereafter as the matter can be held. The Hearing Panel also scheduled an interim appearance on November 29, 2022, commencing at 10:00 a.m. (Pacific). The proceeding will be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to participate should contact [email protected] to obtain particulars.
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 carried on 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 80,000 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.