TORONTO, Jan. 5 /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
The settlement agreement will be between Staff of the MFDA and Victor
Raymond Fook Seng Lee (the "Respondent") and involves matters for which
the Respondent may be disciplined by a Hearing Panel pursuant to MFDA
The subject matter of the proposed settlement agreement concerns
allegations that from January 24, 2008 to May 15, 2008, the Respondent,
in his capacity as President, Chief Executive Officer, and Chief
Compliance Officer of Laurier Capital Planning Inc., a former Member of
the MFDA, engaged in business conduct or practice that was unbecoming
or detrimental to the public interest by failing to ensure that Laurier
maintained a compliance program that identified and addressed material
risks of non-compliance and that appropriate supervision and compliance
procedures to manage those risks had been implemented, contrary to MFDA
Rules 2.1.1(c) and 2.5.1 and MFDA Policy 2.
The settlement hearing is scheduled to take place on February 1, 2011
commencing at 10:00 a.m. (Mountain), or as soon thereafter as the
hearing can be held, in the hearing room located at the Fairmont
Palliser Hotel, 133 9th Avenue SW, Calgary, Alberta. The hearing 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 75,000 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