MFDA settles with Laurier Capital Planning

By Staff | April 29, 2011 | Last updated on April 29, 2011
1 min read

A settlement hearing in the matter of Laurier Capital Planning Inc. was held 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. staff


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