News Release
Commission confirms MFDA panel ruling on mutual fund salesperson
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Date:
2011-04-28 -
Number:
2011/33
Vancouver – A British Columbia Securities Commission panel has confirmed an August 2009 decision of a hearing panel of the Mutual Fund Dealers Association (MFDA). The MFDA panel decided that Tony Tung-Yuan Lin did not contravene MFDA rules by engaging in excessive trading.
Although it confirmed the MFDA panel’s decision, the commission panel set aside the MFDA panel’s interpretation and application of the MFDA’s rules in the context of excessive trading.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by typing in the search box, Tony Lin or 2011 BCSECCOM 197. If you have questions, contact Richard Gilhooley, Media Relations, 604-899-6713.