MFDA Hearing Panel adjourns Hearing on the Merits in the matter of Muhamad Sadiq

August 16, 2022 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Muhamad Asghar Sadiq (the “Respondent”) by Notice of Hearing dated September 14, 2021 (“Notice of Hearing”).

The Hearing on the Merits commenced today electronically by videoconference before a Hearing Panel of the MFDA’s Central Regional Council.

Following submissions by Staff of the MFDA, the hearing was adjourned by the Panel to proceed by electronic hearing on November 2, 2022, commencing at 10:00 a.m. (Eastern), or as soon thereafter after as the matter can be heard. The proceeding will continue to be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to participate should contact [email protected] to obtain particulars.

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