NEWS RELEASE

For immediate release
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For further information, please contact:

Marco Wynnyckyj

Director, Hearings

(416) 945-5146

mwynnyckyj@mfda.ca

MFDA Hearing Panel adjourns Hearing on the Merits in the matter of Mohammad Movassaghi

October 26, 2020 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Mohammad Movassaghi (the “Respondent”) by Notice of Hearing dated March 21, 2019, most recently amended on December 10, 2019.

The hearing of this matter on its merits commenced on October 19, 2020, in Vancouver, British Columbia before a three-member Hearing Panel of the MFDA’s Pacific Regional Council, continued on October 20-23, 2020, and thereafter was adjourned to January 18-22, 2021, commencing at 10:00 a.m. (Pacific) each day, at a venue to be determined and announced accordingly. The hearing will continue to be open to the public, except as may be required for the protection of confidential matters.

A copy of the Fresh as Amended Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Fresh as Amended Notice of Hearing, the Respondent carried on 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.