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Notice of Settlement Hearing

IN THE MATTER OF A SETTLEMENT HEARING PURSUANT TO SECTION 24.4 OF BY-LAW NO. 1 OF THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA

Re:

Notice of Settlement Hearing


Notice of Settlement Hearing
File No. 201105



IN THE MATTER OF A SETTLEMENT HEARING
PURSUANT TO SECTION 24.4 OF BY-LAW NO. 1 OF
THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA


Re: Hsi Chun Chiang



NOTICE OF SETTLEMENT HEARING

NOTICE is hereby given that a hearing will be held before a hearing panel of the Pacific
Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of Canada (the
“MFDA”) in the hearing room located at Charest Reporting Inc., 885 West Georgia Street, Suite
1650, Vancouver, British Columbia, on January 12, 2012 at 10:00 a.m. (Pacific), or as soon
thereafter as the hearing can be held, to consider whether, pursuant to section 24.4 of MFDA By-
law No. 1, the Hearing Panel should accept the settlement agreement ( “Settlement Agreement”)
entered into between Staff of the MFDA and Hsi Chun (Jessica) Chiang (the “Respondent”).

The subject matter of the proposed Settlement Agreement concerns matters for which the
Respondent may be disciplined as an Approved Person, pursuant to sections 20 and 24.1.1 of
MFDA By-law No. 1.

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PARTICULARS

1.
The Settlement Agreement concerns allegations that:

a. Between July 2007 and February 2009, the Respondent had and continued in
another gainful occupation that was not disclosed to and approved by the
Member, and further engaged in securities related business that was not carried
out for the account and through the facilities of the Member by:

i. acting as Vice-President, Public Relations of Maple Leaf Reforestation
Inc.;
ii. acting as an agent or employee of Future Canada China Environment Inc.
(Canada); and
iii. acting as President, CEO and director for Future Canada China
Environment Inc. (USA);

contrary to MFDA Rules 1.1.1(a), 1.2.1(d) and 2.1.1; and

b. Between July 2007 and February 2009, the Respondent recommended or
facilitated the sale of shares of Maple Leaf, FCCE Canada and FCCE USA to
clients thereby giving rise to conflicts of interest between her interests and the
interests of clients which she failed to address by the exercise of responsible
business judgment influenced only by the best interests of the clients, contrary to
MFDA Rules 2.1.4, 2.4.2 and 2.1.1.

2.
The hearing will be open to the public, unless and to the extent that the Hearing Panel
determines that all or part of the hearing should proceed in the absence of the public. If
the Hearing Panel accepts the Settlement Agreement, then copies of the decision of the
Hearing Panel and the Settlement Agreement will be made available to the public.

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DATED this 6th day of January, 2012.

“Jason D. Bennett”

Jason D. Bennett

Corporate Secretary

Mutual Fund Dealers Association of Canada
121 King St. West, Suite 1000
Toronto, Ontario
M5H 3T9
Telephone: 416-943-7431
Facsimile: 416-361-9781
Email: [email protected]

Doc 279630

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