The IIROC says that Stirrett lied on several occassions. See document below for details.
The IIROC says that Stirrett lied on several occassions. See document below for details.

Dwight Stirrett releases statement

by - Story: 45590

Dwight Stirrett says he's sorry and he's planning to take some time off.

The Kelowna financial planner has released a statement regarding the Hearing Panel for the Investment Industry Regulatory Organization of Canada.

Stirrett, president of Prodigy Wealth Management Corp., says he has cooperated fully with the investigation and freely admitted to having problems with prescribed medication.

“I am glad the matter is concluded, my ability to service my clients as a registered investment advisor is intact and that the settlement is as reasonable as possible,” says Stirrett in the press release.

“Prodigy remains in good standing. Prodigy’s business and ability to service clients remain unaffected. I am now going to take some time to regain my health.”

Last week, the IIROC imposed a minimal financial penalty on Stirrett, $20,000, plus $5,000 for the investigation costs – and agreed his consumption of prescribed medication and commitment to enter into a monitored treatment program were mitigating factors in the terms of the agreement.

“It is important to note the investigation focused on administrative responsibilities and was not in response to any allegations or evidence of mishandling of client accounts, client losses, client complaints, trading violations, misrepresentation of Prodigy’s financial circumstances or financial violations,” Stirrett says in the release.

Stirrett did not return calls from Castanet.

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