MFDA Hearing Panel issues Reasons for Decision in the matter of Md Ashanur Rahman

TORONTO, June 11, 2021 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision dated June 10, 2021 ("Reasons for Decision"), in connection with a settlement hearing held by electronic hearing on April 13, 2021, in the matter of Md Ashanur Rahman ("Respondent").

In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

• shall be prohibited from conducting securities related business in any capacity while in the employ of or in association with a Member of the MFDA for a period of five years;
• has paid a fine of $20,000; and
• has paid costs of $5,000.

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 conducted business out of the Toronto, Ontario 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.

SOURCE Mutual Fund Dealers Association of Canada