MFDA Hearing Panel issues Decision and Reasons (Motion) in the matter of Scott Reeves

TORONTO, March 31, 2016 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Scott Byron Reeves (the "Respondent") by Notice of Hearing (the "Notice of Hearing") dated August 27, 2015.

A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons in connection with a motion brought by the Respondent for an adjournment and stay of the proceedings, which was held in Toronto, Ontario on March 3, 2016. In its Decision and Reasons (Motion) dated March 30, 2016, the Hearing Panel outlines its reasons in dismissing the motion brought by the Respondent.

A copy of the Decision and Reasons (Motion) is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent carried on business in Hamilton, Ontario.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 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

Charles Toth, Director, Litigation, 416-943-4619, [email protected]