MFDA Hearing Panel makes findings against Kevin Desbois

TORONTO, March 9 /CNW/ - A disciplinary hearing in the Matter of Kevin Desbois took place today before a Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (the "MFDA") in Toronto, Ontario.

The Hearing Panel found that the allegation set out by MFDA staff in the Notice of Hearing issued June 27, 2008 had been established. The Hearing Panel reserved its decision as to penalties and costs and advised it would issue written reasons for its decision in due course.

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 141 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest

For further information: Marco Wynnyckyj, Hearings Coordinator, [phone] or [email protected]