MFDA Sets Next Appearance Date for the Hearing regarding Domenic Fanelli and Michele Torchia

    TORONTO, Aug. 12 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") commenced a disciplinary proceeding in respect of Domenic Fanelli and
Michele Torchia by Notice of Hearing dated June 13, 2008.
    As specified in the Notice of Hearing, the first appearance in this
proceeding took place today before a three-member Hearing Panel of the MFDA
Central Regional Council.
    Following submissions by the parties respecting scheduling and procedural
matters, the Hearing Panel directed that the next appearance in this
proceeding will take place on Wednesday, December 17, 2008 at 10:00 a.m.
(Eastern) in the Hearing Room located at the offices of the MFDA at 121 King
Street West, Suite 1000, Toronto, Ontario, or as soon thereafter as the
hearing can be held. This appearance 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 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 158 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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