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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 confirms hearing in the matter of Mohammad Movassaghi

September 10, 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.

An appearance in this proceeding was held on September 9, 2020 by teleconference before a Hearing Panel of the MFDA’s Pacific Regional Council.

Following submissions by the parties, the hearing of this matter on its merits will go ahead on October 19-23, 2020 in the hearing room at the British Columbia Securities Commission, 701 West Georgia Street, Suite 1200, Vancouver, British Columbia. The hearing will commence at 9:30 a.m. (Pacific) each day, save for October 19, 2020 when the matter will start at 10:00 a.m. (Pacific). The proceeding will 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.