MFDA issues Notice of Hearing regarding Brian Edward Mark Nerdahl



    TORONTO, March 27 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced disciplinary proceedings
against Brian Nerdahl.

    MFDA staff alleges in its Notice of Hearing that Mr. Nerdahl engaged in
the following conduct contrary to the By-laws, Rules or Policies of the MFDA:

    Allegation No. 1: Between February 2002 and July 2004, the Respondent
    engaged in securities related business outside the Member by recommending
    and facilitating investments by 17 clients and others in the total amount
    of approximately $590,000 in Commonwealth Capital Corporation, which
    investments were not carried on for the account of the Member or through
    the facilities of the Member, contrary to MFDA Rules 1.1.1 and 2.1.1.

    Allegation No. 2: Between February 2002 and July 2004, the Respondent had
    and continued in an occupation that was not disclosed to and approved by
    the Member by recommending and facilitating loans by 17 clients and
    others in the total amount of approximately $590,000 to Commonwealth
    Capital Corporation, contrary to MFDA Rules. 1.2.1(d) and 2.1.1.

    Allegation No. 3: Between January 2006 and May 2006, the Respondent had
    and continued in an occupation that was not disclosed to and approved by
    the Member by recommending and facilitating participation by a client and
    others in the amount of approximately $24,000 in the Canadian
    Humanitarian Trust, a charitable donation program, contrary to MFDA Rules
    1.2.1(d) and 2.1.1.

    The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA Central Regional Council in the Hearing
Room located at the offices of the MFDA, 121 King Street West, Suite 1000,
Toronto, Ontario on Tuesday, April 15, 2008 at 10:00 a.m. (Eastern) or as soon
thereafter as can be held.
    The purpose of the first appearance is to schedule the date for the
commencement of the hearing on its merits and to address any other procedural
matters.
    The first appearance is open to the public, except as may be required for
the protection of confidential matters. Members of the public attending the
first appearance will be able to listen to the proceeding by teleconference.
    A copy of the Notice of Hearing 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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