MFDA Hearing Panel reserves judgment in the matter of Scott C. Armstrong

August 23, 2011 (Toronto, Ontario) – The MFDA commenced a disciplinary proceeding in respect of Scott C. Armstrong by Notice of Hearing dated January 19, 2011.

A hearing of this matter on its merits concluded today in Saint John, New Brunswick before a three-person Hearing Panel of the MFDA’s Atlantic Regional Council. The Hearing Panel reserved its decision and advised that it would issue its decision and written reasons in due course.

A copy of the Notice of Hearing 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 133 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.