MFDA issues Notice of Application regarding Hill & Crawford Investment Management Group Ltd. and Albert Rodney Hill

    TORONTO, April 20 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has issued a Notice of Application under
section 24.3 of MFDA By-law No. 1 in respect of Hill & Crawford Investment
Management Group Ltd. ("HCIM") and Albert Rodney Hill ("Hill").
    The Notice of Application states that MFDA Staff will be seeking, among
other things, an order immediately suspending HCIM's Membership in the MFDA
and Hill's authority to conduct securities related business with HCIM.
    The application will be heard by a hearing panel of the MFDA's Central
Regional Council in the Hearing Room located at the offices of the MFDA, 121
King Street West, Suite 1000, Toronto, Ontario on April 22, 2009 at 10:00 a.m.
(Eastern), or as soon thereafter as the appearance can be held. The appearance
is open to the public, except as may be required for the protection of
confidential matters.
    A copy of the Notice of Application is available on the MFDA website at

    The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business conduct
of its 150 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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