MFDA issues Notice of Hearing regarding Calogero (Charles) Arcuri

    TORONTO, Feb. 25 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced disciplinary proceedings
against Calogero (Charles) Arcuri.
    MFDA staff alleges in its Notice of Hearing that Mr. Arcuri engaged in
the following conduct contrary to the By-laws, Rules or Policies of the MFDA:

    Allegation No. 1: Between June 2005 and September 2005, the Respondent
    solicited and accepted a total of $45,000 from three individuals, one of
    whom was a client, which he failed to repay or otherwise account for,
    contrary to MFDA Rule 2.1.1.

    Allegation No. 2: Commencing May 3, 2007, the Respondent failed to attend
    and give information to the MFDA during the course of an investigation,
    contrary to section 22.1(c) of MFDA By-law No. 1.

    The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA Central Regional Council in the Hearing
Room located at the offices of the MFDA, 121 King Street West, Suite 1000,
Toronto, Ontario on Thursday, March 13, 2008 at 10:00 a.m. (Eastern) or as
soon thereafter as can be held.
    The purpose of the first appearance is to schedule the date for the
commencement of the hearing on its merits and to address any other procedural
    The first appearance is open to the public, except as may be required for
the protection of confidential matters. Members of the public attending the
first appearance will be able to listen to the proceeding by teleconference.
    A copy of the Notice of Hearing 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 159 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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