Release_Decision200809

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 Decision and Reasons respecting Leo A. O’Brien and David B. Snow Disciplinary Hearing

November 27, 2008 (Toronto, Ontario) – A Hearing Panel of the Atlantic Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Decision and Reasons in connection with the disciplinary hearing held in St. John’s, Newfoundland on September 24, 2008 in respect of Leo Alexander O’Brien and David Baxter Snow.

A copy of the Decision and Reasons is available on the MFDA website at www.mfda.ca.

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 154 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

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