News Release

For immediate release
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For further information, please contact:

Charles Toth

Vice President, Enforcement

(416) 943-4619

ctoth@mfda.ca

Jeff Mount

Vice-President, Pacific Region

(604) 694-8846

jmount@mfda.ca

MFDA Hearing Panel issues Reasons for Decision in the matter of Matthew de Haan

September 29, 2021 (Toronto, Ontario) – A Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Reasons for Decision dated September 27, 2021 (“Reasons for Decision”), in connection with a disciplinary hearing held by electronic hearing in Vancouver, British Columbia on August 9-10, 2021, in the matter of Matthew Elliott de Haan (“Respondent”).

In its Reasons for Decision, the Hearing Panel outlined its findings of misconduct and confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

  • has been prohibited from conducting securities related business in any capacity while in the employ of or associated with any MFDA Member for a period of five years; and
  • shall pay a fine of $15,000.

A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca. During the period described in the Reasons for Decision, the Respondent carried on business out of the Abbotsford, 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.