MFDA Hearing Panel issues Decision and Reasons respecting Approval of Settlement Agreement with Joseph Zollo

    TORONTO, April 18 /CNW/ - A Hearing Panel of the Central Regional Council
of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its
Decision and Reasons respecting the Settlement Agreement with Joseph Zollo
which was approved at a public hearing held in Toronto, Ontario on March 20,
2007, as specified in a Notice of Settlement Hearing dated February 23, 2007.
    A copy of the Hearing Panels' Decision and Reasons as well as the Order
and Settlement Agreement, is available on the MFDA website 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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