CIRO Hearing Panel issues reasons for decision in the matter of Antony Kin San Chau

Toronto (Ontario) - April 25, 2024 - Following a disciplinary hearing held on March 27, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules found that Antony Kin San Chau failed to disclose an agreement that was material to a proposed transaction to effect a change of control of a Member of the MFDA, thereby:

1. failing to provide full disclosure of the material terms of the proposed transaction;
2. failing to provide information to the MFDA that it required or considered necessary or desirable; and
3. misleading the MFDA concerning the full terms of the proposed change of control.

The hearing panel imposed the following sanctions on Antony Chau

1. a permanent prohibition from conducting securities related business while in the employ of or associated with any Dealer Member of CIRO registered as a mutual fund dealer, and
2. a fine of $65,000.

Antony is also required to pay costs in the amount of $6,000.

The hearing panel's decision dated April 16, 2024, is available at:

Re Chau 2024 CIRO 47

During the period described in the Notice of Hearing, Antony conducted business in the Richmond Hill, Ontario, area.