MFDA Central Regional Council Hearing Panel Makes Findings Against Donald Kenneth Coatsworth

    TORONTO, Jan. 31 /CNW/ - A disciplinary hearing in the Matter of Donald
Kenneth Coatsworth was held today before a Hearing Panel of the Central
Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") in
Toronto, Ontario.
    The Hearing Panel made the following orders at the conclusion of the
hearing and advised that it would issue written reasons for its decision in
due course:

    -   A permanent prohibition on the authority of Mr. Coatsworth to conduct
        securities-related business while in the employ of, or associated
        with, any MFDA Member,
    -   Fines in the aggregate amount of $60,000, and
    -   Costs in the amount of $7,500.

    A copy of the Notice of Hearing is available on the MFDA web site at

    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 163 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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