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For further information, please contact:

Shaun Devlin Vice-President, Enforcement 416-943-4672 or sdevlin@mfda.ca

NEWS RELEASE

For immediate release

MFDA Hearing Panel issues Reasons for Decision in the matter of Alex Khodorkovski

December 12, 2012 (Toronto, Ontario) – A Hearing Panel of the Prairie Regional Council of the MFDA has issued its Reasons for Decision in connection with the disciplinary hearing held in Edmonton, Alberta on October 23, 2012 in the matter of Alex Khodorkovski.

A copy of the Hearing Panel’s Reasons for Decision is available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 117 Members and their approximately 80,000 Approved Persons with a mandate to protect investors and the public interest.

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