MFDA sets date for Luc Laverdiere Hearing in Vancouver, British Columbia

TORONTO , Jan. 18 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding against Luc Marc Andre Laverdiere by Notice of Hearing dated December 9, 2009 .

As specified in the Notice of Hearing, the first appearance in this matter took place today before a three-member Hearing Panel of the MFDA's Pacific Regional Council.

The hearing of this matter on its merits has been scheduled to take place on May 3, 2010 commencing at 10:00 a.m. (Pacific), or as soon thereafter as the hearing can be held, at a location to be announced in Vancouver , British Columbia. 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 141 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

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