MFDA Hearing Panel accepts Settlement Agreement with Laurier Capital Planning Inc.

TORONTO, April 28 /CNW/ - A Settlement Hearing in the matter of Laurier Capital Planning Inc. (the "Respondent") was held yesterday in Calgary, Alberta before a Hearing Panel of the MFDA's Prairie Regional Council.

After hearing submissions from counsel, the Hearing Panel accepted the Settlement Agreement between MFDA Staff and the Respondent, as a consequence of which the Respondent has paid a fine in the amount of $7,500 and costs in the amount of $2,500.

In the Settlement Agreement, the Respondent admitted that from January 24, 2008 to May 15, 2008, it failed to ensure that tier-one and tier-two supervision was adequately established, implemented and maintained, contrary to MFDA Rules 2.1.1, 2.2.1, 2.5 and MFDA Policy No. 2.

The Hearing Panel advised that it will issue written reasons for its decision in due course. A copy of the Settlement Agreement 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 136 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.


SOURCE Mutual Fund Dealers Association of Canada

For further information:

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


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