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 schedules next appearance in the matter of Edward MacDermaid

June 11, 2021 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Edward Henry MacDermaid (“Respondent”) by Notice of Hearing dated May 17, 2021.

As specified in the Notice of Hearing, the first appearance in this proceeding was held today by videoconference before a Hearing Panel of the MFDA’s Atlantic Regional Council.

Following submissions by the parties, the next appearance has been scheduled to take place by teleconference on July 14, 2021, commencing at 10:00 a.m. (Atlantic), or as soon thereafter as the appearance can be held, and 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 Bathurst, New Brunswick 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 80,000 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.