MFDA Hearing Panel issues Decision and Reasons in the matter of Valery Herner

TORONTO, Jan. 26, 2017 /CNW/ - A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Decision and Reasons in connection with a disciplinary hearing held in Toronto, Ontario on November 30, 2016 and December 1, 2016 in the matter of Valery Herner (the "Respondent").

In its Decision and Reasons dated January 25, 2017 ("Decision and Reasons"), the Hearing Panel outlines its decision to dismiss the allegation made against the Respondent in the Notice of Hearing dated March 9, 2016.

A copy of the Decision and Reasons is available on the MFDA website at www.mfda.ca. During the period described in the Decision and Reasons, the Respondent conducted business in the St. Catharines, Ontario area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 83,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.

SOURCE Mutual Fund Dealers Association of Canada

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/26/c2387.html

For further information: Charles Toth, Director, Litigation, 416-943-4619, ctoth@mfda.ca

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