A settlement hearing in the matter of Peiqing (Anna) He was held yesterday in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council.

The hearing panel accepted the settlement agreement between MFDA Staff and He, as a consequence of which she has:

  • been suspended for a period of five (5) years from conducting securities related business while in the employ of or associated with any Member of the MFDA; and
  • paid a fine of $5,000; and
  • paid costs of $5,000.

In the settlement agreement, she admitted that, from August 2008 to February 2009, she engaged in securities related business that was not carried on for the account and through the facilities of the member. She referred the sale of an investment product to four individuals outside the member, contrary to MFDA Rules 1.1.1(a) and 2.1.1.

Read the settlement agreement.