MFDA Hearing Panel Approves Settlement Agreement with Peter Bruno Lamarche

    TORONTO, Feb. 3 /CNW/ - A Settlement Hearing in the matter of Peter
Lamarche was held yesterday before a Hearing Panel of the Central Regional
Council of the Mutual Fund Dealers Association of Canada ("MFDA"). The Hearing
Panel approved the Settlement Agreement between Mr. Lamarche and the MFDA, as
a consequence of which Mr. Lamarche:

    -  paid a fine in the amount of $40,000;

    -  was prohibited from being registered or acting in any supervisory
       capacity with a Member of the MFDA for two years;

    -  was prohibited from being registered or acting as a partner, director
       or senior officer of a Member of the MFDA for three years; and

    -  paid costs in the amount of $2,500.

    The Hearing Panel advised that it would issue written reasons in due
    A copy of the Settlement Agreement is available on the MFDA website at

    The MFDA is the self-regulatory organization for Canadian mutual fund
dealers. The MFDA regulates the operations, standards of practice and business
conduct of its 153 Members and their approximately 75,000 Approved Persons
with a mandate to protect investors and the public interest.

For further information:

For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or

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