The Pacific District Council of the Investment Dealers Association of Canada has imposed discipline penalties on Ronald McQuarrie, a former registered rep with Midland Walwyn Capital Inc.

As part of a settlement agreement with the IDA,. McQuarrie admitted that, between Sept. 26, 1996 and April 27, 1997, he executed four unauthorized trades in the account of a client. McQuarrie also admitted that, between November 1996 and January 1997, he issued three false or misleading communications to the same client.

McQuarrie must pay a $15,000 fine and must rewrite and pass the examination based on the Conduct and Practices Handbook Course. In addition, he is required to pay $3,000 towards the IDA’s costs.