MFDA amends Notice of Hearing in the Matter of Michael Johns

TORONTO , Nov. 12 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Michael Brandon Johns by Notice of Hearing dated March 24, 2009 .

An appearance in this proceeding took place by teleconference on November 2, 2009 before a three-member Hearing Panel of the MFDA's Central Regional Council, at which time, following consideration of submissions from counsel, the Hearing Panel permitted counsel for the MFDA to amend the Notice of Hearing as requested.

The hearing of this matter on its merits has been scheduled for April 26-28, 2010 and will be open to the public, except as may be required for the protection of confidential matters.

Copies of the Hearing Panel's Order dated November 2, 2009 and the Amended Notice of Hearing are available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 145 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

For further information: Shaun Devlin, Vice-President, Enforcement, [phone] or [email protected]