MFDA Hearing Panel adjourns Hearing on the Merits in the matter of Brent Barnai

TORONTO, May 12, 2014 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Brent L. Barnai by Notice of Hearing dated September 5, 2013.

The hearing of this matter on its merits, originally scheduled to take place on May 13, 2014, has been adjourned on consent of the parties to a date to be determined and to be announced accordingly. The hearing will be open to the public, except as may be required for the protection of confidential matters.

A copy of the Notice of Hearing is 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 111 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE: Mutual Fund Dealers Association of Canada

Marco Wynnyckyj, Senior Hearings Coordinator, 416-945-5146, [email protected]