MFDA Hearing Panel Approves Settlement Agreement with Evangeline Securities Limited



    HALIFAX, Aug. 14 /CNW/ - A Settlement Hearing in the matter of Evangeline
Securities Limited was held today before a Hearing Panel of the Atlantic
Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA").
The Hearing Panel approved the Settlement Agreement between the MFDA and
Evangeline Securities Limited. The following is a summary of the Orders made
by the Hearing Panel:

    
    -   A fine in the amount of $10,000; and

    -   Costs in the amount of $2,500
    

    The Hearing Panel advised that it would issue written reasons in due
course.
    A copy of the Settlement Agreement with Evangeline Securities Limited is
available on the MFDA website at www.mfda.ca.

    The Mutual Fund Dealers Association of Canada is the self-regulatory
organization for Canadian mutual fund dealers. The MFDA regulates the
operations, standards of practice and business conduct of its 158 Members and
their approximately 75,000 Approved Persons with a mandate to protect
investors and the public interest.





For further information:

For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or sdevlin@mfda.ca


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