News Release

For immediate release
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For further information, please contact:

Marco Wynnyckyj

Director, Hearings

(416) 945-5146

mwynnyckyj@mfda.ca

MFDA sets dates for Hearing on the Merits in the Matter of Scott Armstrong

March 25, 2011 (Toronto, Ontario) – The MFDA commenced a disciplinary proceeding in respect of Scott C. Armstrong by Notice of Hearing dated January 19, 2011.

As specified in the Notice of Hearing, the first appearance in this matter took place today before a three-member Hearing Panel of the MFDA’s Atlantic Regional Council.

The hearing of this matter on its merits has been scheduled to take place July 6-8, 2011, commencing at 10:00 a.m. (Atlantic), or as soon thereafter as the hearing can be held, at a venue to be announced in Saint John, New Brunswick. The hearing 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 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 136 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.