Respondent applies for review of MFDA Hearing Panel decision in the matter of Amin Ali
February 6, 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 Amin Mohammad Ali (the “Respondent”) by Notice of Hearing dated June 4, 2020 (“Notice of Hearing”).
As previously announced, the sanctions phase in this proceeding took place electronically by videoconference on September 20, 2022, in Toronto, Ontario before a three-member Hearing Panel of the MFDA Central Regional Council.
On March 14, 2022, Mr. Ali applied to the Ontario Securities Commission (“OSC”) for a Hearing and Review of the New SRO Hearing Panel’s decision, pursuant to section 21.7 of the Securities Act, RSO 1990, c S.5.
Further details in this matter will be made available on the OSC website.
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 www.newselfregulatoryorganizationofcanada.ca.