MFDA Hearing Panel issues Reasons for Decision in the matter of Boyd Yahn

TORONTO, Dec. 7, 2017 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision ("Reasons for Decision") in connection with a disciplinary hearing held in Saskatoon, Saskatchewan on September 7, 2017 in the matter of Boyd Dean Yahn ("Respondent").

In its Reasons for Decision dated December 6, 2017, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:

• is permanently prohibited from conducting securities related business in any capacity while in the employ of or associated with any MFDA Member;
• shall pay a fine in the amount of $75,000; and
• shall pay costs in the amount of $10,000.

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 the North Battleford, Saskatchewan 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 83,000 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