MFDA issues Notice of Settlement Hearing regarding Evangeline Securities Limited

    TORONTO, June 30 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has issued a Notice of Settlement Hearing
regarding the presentation, review and considerations of a proposed settlement
agreement by the Atlantic Regional Council.
    The settlement agreement will be between staff of the MFDA and Evangeline
Securities Limited and involves matters for which Evangeline may be
disciplined by the Regional Council, pursuant to MFDA By-laws.
    The subject matter of the proposed settlement agreement concerns
allegations that the Respondent failed to supervise and prevent trading in
accounts where clients were residents in jurisdictions in which the Respondent
and/or its Approved Persons were not registered.
    The settlement hearing is scheduled to commence at 10:00 a.m. (Atlantic)
on Thursday, August 14, 2008 in the Hearing Room located at the Prince George
Hotel, Halifax, Nova Scotia. The hearing is open to the public except as may
be required for the protection of confidential matters. A copy of the Notice
of Settlement 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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