News Release

For immediate release
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For further information, please contact:

Yvette MacDougall Hearings Coordinator 416-943-4606 or ymacdougall@mfda.ca

NEWS RELEASE

For immediate release

MFDA Sets Date for Barry L. Adams Hearing in Saint John, New Brunswick

June 12, 2009 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Barry L. Adams by Notice of Hearing dated April 6, 2009.

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 at a venue to be announced in Saint John, New Brunswick on October 29, 2009 commencing at 10:00 a.m. (Atlantic) or as soon thereafter as the hearing can be held. 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 149 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

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