MFDA Hearing Panel Reserves Judgment in the Matter of Professional Investments (Kingston) Inc.

    TORONTO, Jan. 23 /CNW/ - A Settlement Hearing in the matter of
Professional Investments (Kingston) Inc. was commenced today before a Hearing
Panel of the Central Regional Council of the Mutual Fund Dealers Association
of Canada ("MFDA").
    Following consideration of the proposed settlement agreement between
staff of the MFDA and Professional Investments (Kingston) Inc., and after
hearing the submissions of the parties, the Hearing Panel reserved its
    A copy of the Notice of Settlement 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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