MFDA sets dates for ASL Direct Inc. and Adrian Leemhuis Hearing on the Merits

TORONTO , Jan. 19 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of ASL Direct Inc. and Adrian Samuel Leemhuis by Notice of Hearing dated October 17, 2008 .

An appearance in this matter took place yesterday by teleconference to set a revised schedule for the continuation of this proceeding and to address other procedural matters. The Hearing Panel reserved April 21-23, 26-30, 2010 and May 19-21, 2010 for the hearing of this matter on its merits. The hearing will commence each day at 10:00 a.m. (Eastern), or as soon thereafter as the hearing can be held, with the exception of April 26, 29 , 2010 and May 20, 2010 when the hearing will commence at 2:00 p.m. (Eastern).

These appearances will take place in the Hearing Room located at the Toronto offices of the MFDA at 121 King Street West , Suite 1000, Toronto , Ontario and are 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, Hearings Coordinator, [phone] or [email protected]