MFDA Sets Date for Hearing with respect to penalty in the Matter of Gerard and Mavis Brake

    TORONTO, Jan. 7 /CNW/ - A Hearing Panel of the Prairie Regional Council
of the Mutual Fund Dealers Association of Canada ("MFDA") issued its Decision
and Reasons with respect to misconduct in the matter of Gerard and Mavis Brake
on December 3, 2008.
    The hearing of this matter with respect to penalty has been scheduled to
take place before the Hearing Panel on Thursday, February 19, 2009 at 10:00
a.m. (Winnipeg) in the Hearing Room located at the Fairmont Winnipeg, 2
Lombard Place, Winnipeg, Manitoba or as soon thereafter as the hearing can be
    The hearing will be open to the public, except as may be required for the
protection of confidential matters.
    A copy of the Notice of Hearing is available on the MFDA web site 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: Yvette MacDougall, Hearings Coordinator, (416)
943-4606, or

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