MFDA Hearing Panel reserves on motion in the matter of Kindle Blythe and Mohammad Movassaghi

November 18, 2019 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Kindle Briten Megan Blythe (“Blythe”) and Mohammad Movassaghi (“Movassaghi”) (together referred to as the “Respondents”) by Notice of Hearing dated March 21, 2019, as amended on August 30, 2019.

A pre-hearing motion in this proceeding resumed by teleconference on November 15, 2019 before a three-member Hearing Panel of the MFDA’s Pacific Regional Council. Following submissions by the parties, the Hearing Panel reserved its decision on the motion brought by the Respondents and advised that it will issue its decision and written reasons in due course. Following the motion, the Hearing Panel scheduled a procedural appearance by teleconference on November 26, 2019 at 1:30 p.m. (Pacific). The appearance will be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to listen to the teleconference should contact hearings@ciro.ca to obtain particulars.

A copy of the Amended Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Amended Notice of Hearing, 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.