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Charles Toth
Vice President, Enforcement

New SRO Hearing Panel rejects settlement agreement in the matter of George Yamamoto

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 George Yamamoto (the “Respondent”) by Notice of Hearing dated October 7, 2022 (the “Notice of Hearing”).

As previously announced, the settlement hearing in this matter resumed on March 3, 2023 in Toronto, Ontario before a three-member Hearing Panel of the New SRO’s Ontario District Hearing Committee. Following submissions from the parties, the Hearing Panel rejected the settlement agreement entered into between New SRO Staff and the Respondent and made no orders in the matter.

A copy of the Notice of Hearing is available on the MFDA website at During the period described in the Notice of Hearing, the Respondent conducted business in the Toronto, Ontario 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


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