MFDA Hearing Panel reserves judgment on sanctions in the matter of Manjit Singh Cheema

January 9, 2020 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Manjit Singh Cheema (“Respondent”) by Notice of Hearing dated August 15, 2019.

The misconduct phase on this disciplinary proceeding was held on November 8, 2019 in Vancouver, British Columbia before a Hearing Panel of the MFDA’s Pacific Regional Council. The Hearing Panel found that the allegations concerning the Respondent set out in the Notice of Hearing had been established.

Submissions from the parties with respect to sanctions took place on January 8, 2020 before a Hearing Panel of the MFDA’s Pacific Regional Council. The Panel reserved its decision and advised that it will issue its decision and written reasons in due course.

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 conducted business in the Vancouver, 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 81,000 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.