MFDA Hearing Panel hears motion in the matter of Valorie McManes

August 10, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Valorie Jean McManes (“Respondent”) by Notice of Hearing dated September 7, 2017.

A three-member Hearing Panel of the MFDA’s Prairie Regional Council heard a motion yesterday by teleconference, brought by the Respondent seeking to adjourn the Hearing on the Merits scheduled for August 13-14, 2018.

Following submissions by the parties, the Hearing Panel granted the adjournment and ordered that the next appearance in this proceeding take place by teleconference on August 31, 2018 at 10:00 a.m. (Mountain) or as soon thereafter as the appearance can be held. The appearance will be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to listen to the teleconference should contact hearings@mfda.ca to obtain particulars.

A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent conducted business in the Calgary, Alberta area.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 82,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.