News Release

For immediate release
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For further information, please contact:

Marco Wynnyckyj Hearings Coordinator 416-945-5146 or mwynnyckyj@mfda.ca

NEWS RELEASE

For immediate release

MFDA sets dates for Hearing on the Merits in the matter of Thomas G. Arseneau

February 17, 2012 (Toronto, Ontario) – The MFDA commenced a disciplinary proceeding in

respect of Thomas G. Arseneau by Notice of Hearing dated December

22,

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.

Following submissions by MFDA Staff respecting procedural matters and scheduling, the Hearing Panel directed that the next appearance in this proceeding take place via teleconference on March 9, 2012 at 10:00 a.m. (Atlantic) and the hearing on the merits take place on June 26- 28, 2012, commencing at 10:00 a.m. (Atlantic) each day, or as soon thereafter as the hearing can be held, at a venue to be announced in Fredericton, New Brunswick. Both appearances 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 125 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

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