MFDA Adjourns Fanelli and Torchia Hearing to a Date to be Determined

    TORONTO, Jan. 19 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") commenced a disciplinary proceeding in respect of Domenic Fanelli and
Michele Torchia by Notice of Hearing dated June 13, 2008.
    The first appearance in this proceeding took place on August 12, 2008 at
which time the Hearing Panel directed, among other things, that the next
appearance would take place on December 17, 2008. The December 17, 2008
appearance was subsequently rescheduled to January 28, 2009.
    Following consideration of submissions from counsel for the MFDA and
counsel for Mr. Fanelli on January 14, 2009, the Hearing Panel adjourned the
proceeding to a date to be determined. Notice will be given when the
proceeding has been scheduled to recommence.
    A copy of the Notice of Hearing is available on the MFDA website at

    The MFDA is the self-regulatory organization for Canadian mutual fund
dealers. The MFDA regulates the operations, standards of practice and business
conduct of its 153 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

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