Mr Michael Mudzengi AFA MIPA 
Vancouver, Canada

Complaint 

The allegations were that Mr Mudzengi breached IFA Membership, Member Firms, Affiliates and Students Regulation 4.2, in that they failed to submit a member return by the prescribed date of 31 December 2021 and failed to co-operate with the administration of the IFA’s compliance and monitoring functions, breaching IFA Bye-law 12.2.

Finding 

The Regulatory Committee found that there was a prima facie case to answer that rendered Mr Mudzengi liable to disciplinary action under IFA Bye-law 11.2 (c) and (d) for breaching IFA Membership, Member Firms, Affiliates and Students Regulation 4.2 and IFA Bye-law 12.2.

Consent Order

Reprimand, fine £1,000 and costs of £510.