November 3, 2016 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Yan Feng Li (also known as Frank Li) (the “Respondent”) by Notice of Hearing (the “Notice of Hearing”) dated January 22, 2015.
An appearance in this proceeding took place on October 31, 2016 by teleconference before a Hearing Panel of the MFDA’s Central Regional Council
Following submissions by the parties respecting scheduling, the Hearing Panel directed that the hearing of this matter on its merits would take place on December 8, 2016, in Toronto, Ontario. Subsequent to the appearance, the date of the Hearing on the Merits was changed to December 6, 2016, commencing at 10:00 a.m. (Eastern) or as soon thereafter as the matter can be heard, in the hearing room at the MFDA offices, located at 121 King Street West, Toronto, Ontario.
The hearing will continue to be open to the public, except as may be required for the protection of confidential matters
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.
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