release-Reasons201505
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Charles Toth
Director, Litigation
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NEWS RELEASE
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MFDA Hearing Panel issues Reasons for Decision in the matter of Gerard Mok
February 3, 2016 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision in connection with a disciplinary hearing held in Toronto, Ontario on January 11, 2016 in the matter of Gerard (Gerry) Andrew Mok (the “Respondent”). In its Reasons for Decision dated February 3, 2016, the Hearing Panel confirmed the following sanctions imposed on the Respondent:
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• a permanent prohibition from conducting securities related business in any capacity over which the MFDA has jurisdiction;
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• a fine in the amount of $500,000; and
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• costs in the amount of $7,500.
A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent conducted business in the Mississauga, 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 99 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.
DM 465702 v1
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