MFDA Hearing Panel issues Decision and Reasons (Motion) in the matter of Kindle Blythe and Mohammad Movassaghi

December 19, 2019 (Toronto, Ontario) – A Hearing Panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Decision and Reasons (Motion) dated November 20, 2019 (“Decision and Reasons”) with respect to a motion heard on October 10, 2019 and November 15, 2019, brought by Kindle Briten Megan Blythe (“Blythe”) and Mohammad Movassaghi (“Movassaghi”) (together referred to as the “Respondents”) seeking relief, including the following:

1. An order that the allegations made against each of the Respondents, other than in relation to alleged conflicts of interest, be struck; or
2. Staff of the MFDA be required to provide further and better particulars of the allegations made against each of the Respondents.

In its Decision and Reasons, the Hearing Panel outlined its reasons for partially granting the motion brought by the Respondents.

The hearing of this matter on its merits is scheduled to proceed on January 7, 9-10 and 13-14, 2020, commencing at 9:30 a.m. (Pacific) each day, or as soon thereafter as the matter can be heard, in the hearing room at Charest Reporting Inc., 885 West Georgia Street, Suite 1650, Vancouver, British Columbia. The proceeding will be open to the public, except as may be required for the protection of confidential matters.

A copy of the Decision and Reasons (Motion) is available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons (Motion), the Respondents 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.