March 6, 2017 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of TeamMax Investment Corporation (the “Respondent”) by Notice of Settlement Hearing dated December 16, 2016 (the “Notice of Settlement Hearing”).
A settlement hearing in this proceeding took place on March 3, 2017 before a three-member Hearing Panel of the MFDA’s Central Regional Council. Following submissions from the parties, the Hearing Panel adjourned the settlement hearing to a date to be determined and announced accordingly.
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.