The Pacific District Council of the Investment Dealers Association has imposed discipline penalties on Richard Douglas Fee, a former registered representative with Midland Walwyn Capital Inc.

On Feb. 21, 2002, the Pacific District Council accepted a settlement agreement negotiated between Fee and enforcement staff. Pursuant to the settlement agreement, Fee admitted that in June and August, 1997, he executed three unauthorized trades in the account of a client.

The discipline penalties assessed against Mr. Fee are a fine in the amount of $10,000.00, and a condition of his continued approval by the IDA in a registered capacity that he must re-write and pass the examination based on the Conduct and Practices Handbook Course. In addition, Fee is required to pay $2,750 towards the Association’s costs of the investigation of this matter.

For a complete summary of the facts of this case, see IDA Bulletin No. 2970 at the IDA website.