The Mutual Fund Dealers Association reports that two of its regional councils held membership suspension hearings earlier this month.

The MFDA reports that on June 13, a hearing panel of the Ontario Regional Council suspended the rights and privileges of MFDA membership for Olympus United Group Inc. and iForum Financial Services Inc.

And, on the same day, a hearing panel of the Atlantic Regional Council suspended the rights and privileges of Tandem Wealth Management Inc.