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 settlement hearing in the matter of Kosal Sunkara

September 17, 2021 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Kosal Vibhav Sunkara (“Respondent”) by Notice of Settlement Hearing dated August 11, 2021.

A settlement hearing in this proceeding commenced by electronic hearing on September 17, 2021 before a three-member Hearing Panel of the MFDA’s Pacific Regional Council. Following submissions from the parties, the Hearing Panel adjourned the settlement hearing to continue by electronic hearing on September 20, 2021 at 2:00 p.m. (Pacific). Members of the public who would like to participate should contact hearings@mfda.ca to obtain particulars.

MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca.

A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Settlement Hearing, the Respondent conducted business in the Vernon, 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 80,000 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.