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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 Hearing Panel reserves judgment in the matter of Jose Manalastas

May 13, 2020 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”) commenced a disciplinary proceeding in respect of Jose Ireneo Manalastas (“Respondent”) by Notice of Hearing dated November 22, 2019.

The hearing of this matter on its merits was held today by electronic hearing in Toronto, Ontario before a three-member Hearing Panel of the MFDA’s Central Regional Council. After receiving the evidence and hearing submissions by Staff of the MFDA, the Hearing Panel reserved its decision and advised that it will 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. During the period described in the Notice of Hearing, the Respondent conducted business in the Scarborough, Ontario 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 81,000 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.