MFDA Panel hears motion and changes venue for Hearing on the Merits in the
Matter of Ronald Brown

TORONTO, June 8 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Ronald Lindsay Brown by Notice of Hearing dated May 14, 2008.

Pursuant to the Hearing Panel's Order of May 18, 2010, a motion was heard by the Panel on May 31, 2010, however the Panel declined to grant the relief requested by the Respondent, Mr. Brown.

Since that time, the Hearing Panel has directed that the venue for the hearing of this matter on its merits, previously scheduled to take place in Toronto, Ontario on June 22, 2010, be moved to the Hilton London, 300 King Street, London, Ontario on June 22, 2010 commencing at 10:00 a.m. (Eastern).

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 139 Members and their approximately 73,000 Approved Persons with a mandate to protect investors and the public interest.

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