MFDA issues Notice of Settlement Hearing in the Matter of Laurier Capital Planning Inc.

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 maintained; and

(b)     tier-two supervision was adequately established, implemented and maintained;

contrary to MFDA Rules 2.2.1, 2.5, MFDA Policy No. 2, and MFDA Rule 2.1.1

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:

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


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