Skip to main content

MFDA Warns of Fraudulent Phishing Emails Targeting MFDA Members

MFDA Phishing alert

MFDA Bulletin #0841-M: An MFDA Member has recently reported receiving a suspicious email purported to be from the MFDA, asking the Member to make payment as soon as possible for unpaid dues. The subject of the email is “PAYMENT REMINDER”.

This email was not generated by the MFDA and Members should not send any funds in response to the sender. It is recommended that you circulate this email to relevant employees so that they are aware of this phishing scam. You may also want to ask relevant employees to report immediately if they have already engaged with this email.

The MFDA reminds Members that emails from unknown sources should not be opened unless cleared by your IT department. Phishing scams are attempts at trying to obtain private personal or financial information by asking that you provide it in a reply email, by clicking on a link to a website that imitates a legitimate website or by opening an attachment. Members that receive suspicious emails from an unknown source should use caution before replying to the sender or opening any links or attachments.  

If a Member or Approved Person receives a suspicious email or communication appearing to be from the MFDA or using the MFDA’s name, the Member should contact Membership Services at or 1-888-466-6332.