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MFDA Hearing Panel adjourns settlement hearing in the matter of Desjardins Financial Security Investments Inc.

TORONTO, March 14, 2017 /CNW/ - The Mutual Fund Dealers Association of Canada ("MFDA") commenced a disciplinary proceeding in respect of Desjardins Financial Security Investments Inc. (the "Respondent") by Notice of Settlement Hearing dated December 16, 2016 (the "Notice of Settlement Hearing").

Prior to the settlement hearing, scheduled for March 15, 2017, the parties made an adjournment request to the Hearing Panel. The Hearing Panel granted the adjournment and the settlement hearing will now take place on a date to be determined and announced accordingly.

MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the settlement agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the settlement agreement will be made available at www.mfda.ca.

A copy of the Notice of Settlement 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 Members and their approximately 83,000 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.