MFDA to hear Laurier Capital Planning settlement

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.

Staff

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