TORONTO, Jan. 31 /CNW/ - The MFDA today announced that it has issued a
Notice of Settlement Hearing regarding the presentation, review and
consideration of a proposed settlement agreement by a Hearing Panel of
the MFDA's Prairie Regional Council.
The settlement agreement will be between MFDA Staff and Laurier Capital
Planning Inc. (the "Respondent") and involves matters for which the
Respondent may be disciplined by a Hearing Panel pursuant to MFDA
By-laws. The subject matter of the proposed settlement agreement
concerns allegations that, between January 24, 2008 and May 15, 2008,
the Respondent failed to ensure that:
(a) tier-one supervision was adequately established, implemented and
(b) tier-two supervision was adequately established, implemented and
contrary to MFDA Rules 2.2.1, 2.5, MFDA Policy No. 2, and MFDA Rule
The settlement hearing is scheduled to commence on April 27, 2011 at
10:00 a.m. (Mountain) at a venue to be announced in Calgary, Alberta
and will be open to the public, except as may be required for the
protection of confidential matters.
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 136 Members and their approximately 73,000 Approved
Persons with a mandate to protect investors and the public interest.
SOURCE Mutual Fund Dealers Association of Canada
For further information:
416-943-4672 or firstname.lastname@example.org