MFDA Hearing Panel reserves judgment in Donald Cunningham Settlement Hearing

TORONTO , Dec. 1 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Donald James Cunningham by Notice of Hearing dated March 3, 2009 . On November 20, 2009 , the MFDA issued a Notice of Settlement Hearing announcing that a settlement hearing would be held in this matter on December 1, 2009 .

A settlement hearing was held today in Toronto , Ontario before a Hearing Panel of the MFDA's Central Regional Council. The Hearing Panel reserved its decision to either accept or reject the settlement agreement between MFDA Staff and Mr. Cunningham . The Hearing Panel advised that it will make its decision and issue written reasons for its decision in due course.

A copy of the Notice of Settlement 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 144 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]