June 15, 2022 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of TeamMax Investment Corp. (the “Respondent”) by Notice of Hearing dated November 11, 2021 (“Notice of Hearing”).
A pre-hearing motion was held today electronically by videoconference before a Hearing Panel of the MFDA’s Central Regional Council. The motion, brought by Staff of the MFDA (“Staff”), sought to permit Staff’s witness to testify by videoconference at the upcoming Hearing on the Merits.
Following submissions by the parties, the Hearing Panel granted Staff’s motion. As previously announced, the hearing of this matter on its merits will take place on June 24, 2022 and June 27-30, 2022, 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 West, Suite 1000, Toronto, Ontario. 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.
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.