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For further information, please contact:

Marco Wynnyckyj
Director, Hearings

MFDA Hearing Panel reserves judgment in the matter of Azhar Batla

October 12, 2022 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Azhar Ahmad Batla (the “Respondent”) by Notice of Hearing dated February 10, 2022 (“Notice of Hearing”).

A disciplinary hearing in this proceeding was held electronically by videoconference on October 11-12, 2022 before a three-member Hearing Panel of the MFDA’s Central Regional Council. After receiving the evidence and hearing submissions by the parties with respect to misconduct, the Hearing Panel reserved its judgment and advised 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 During the period described in the Notice of Hearing, the Respondent conducted business in the Toronto, Ontario are.

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 76,695 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 897614