TORONTO, Nov. 6 /CNW/ - A Hearing Panel of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada ("MFDA") has issued its Reasons for Decision in connection with the Hearing on the Merits held in Edmonton, Alberta on August 27, 2009 in the matter of Wayne Larson.

The Hearing Panel imposed the following penalties and costs on Mr. Larson:

	      -  A permanent prohibition on the authority of Mr. Larson to conduct
	         securities related business while in the employ of, or associated
	         with, any MFDA Member:

	      -  A fine in the aggregate amount of $205,000(1) in respect of the
	         three allegations set out in the Notice of Hearing: and

	      -  Costs attributable to conducting the investigation and prosecution
	         of the matter in the amount of $7,500.
	    

A copy of the Reasons for Decision 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 146 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

	    (1) The aggregate fine amount of $250,000 published by News Release dated
	    August 28, 2009 was a misprint.
	    

For further information

Shaun Devlin, Vice-President, Enforcement, (416) 943-4672 or sdevlin@mfda.ca