Common use of JOINT SETTLEMENT RECOMMENDATION Clause in Contracts

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 and March 1, 2018, the Respondent altered 12 account forms in respect of 9 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 in certified funds pursuant to section 24.1.1(b) of By-law No. 1 upon acceptance of this Settlement Agreement; b) the Respondent shall pay costs in the amount of $2,500 in certified pursuant to section 24.2 of By-law No. 1 upon acceptance of this Settlement Agreement; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 December 2003 and March 1, 2018September 2015, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 15 pre-signed account forms in respect of 9 10 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and bc) between January 25on or about February 24, 2011 and May 18, 20182008, the Respondent obtainedphotocopied a completed account form signed by a client, possessed used liquid correction fluid to change the client instructions on the photocopied form, and used to process transactions, 58 pre-signed submitted the account forms in relation to 17 clientsform for processing, contrary to MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 12,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 2007 and March 1, 2018September 2017, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 124 pre-signed account forms in respect of 9 50 clients, contrary to MFDA Rule 2.1.1; and b) between February 2010 and February 2017, the Respondent altered 11 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 17,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 March 2009 and March 1, 2018September 2016, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 10 pre-signed account forms in respect of 9 clients, contrary to MFDA Rule 2.1.1; and b) between March 2009 and September 2016, the Respondent altered 7 account forms in respect of 6 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 8,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5May 2012 and June 2019, 2015 the Respondent obtained, possessed and, in some instances, used to process transactions, 77 pre-signed account forms for 27 clients, contrary to MFDA Rule 2.1.1; and b) between December 2013 and March 1, 2018June 2019, the Respondent altered 12 and used to process transactions, 24 account forms in respect of 9 17 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 in certified funds pursuant to section 24.1.1(b) of By-law No. 1 20,000 upon acceptance of this Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No. 1; b) the Respondent shall pay the costs incurred by the MFDA in the amount of $2,500 in certified pursuant to section 24.2 of By-law No. 1 funds upon acceptance of this Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No. 1; c) the The Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.A.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 March 2014 and March 1, 2018November 2016, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 51 pre-signed account forms in respect of 9 clients by altering information on the account forms without having the clients initial the alterations13 clients, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 March 2014 and May 18, 2018November 2016, the Respondent obtained, possessed and used to process transactions, 58 pre-signed altered 7 account forms in relation respect of two clients by using liquid correction fluid to 17 clientsalter information on the account forms without having the client initial the alterations, contrary to MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine be prohibited from conducting securities related business in any capacity while in the amount employ of $13,000 in certified funds or associated with any MFDA Member for a period of 9 months commencing from the date of the final Order herein, pursuant to section 24.1.1(bs. 24.1.1(e) of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between Between January 5, 2015 2016 and March 1, 2018January 2019, the Respondent altered 12 obtained, possessed, and used to process transactions, 21 pre-signed account forms in respect of 9 clients by altering information on the account forms without having the clients initial the alterations13 clients, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and In May 18, 20182019, the Respondent obtained, possessed altered and used to process transactions, 58 pre-signed transactions one account forms in relation to 17 clientsform by altering information on the account form without having the client initial the alterations, contrary to MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 10,000 in certified funds pursuant to section 24.1.1(b) of By-law No. 1 1, upon acceptance of this Settlement Agreement; b) the Respondent shall pay costs in the amount of $2,500 in certified pursuant to section 24.2 of By-law No. 1 1, upon acceptance of this Settlement Agreement; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 May 2002 and March 1, 2018July 2016, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 68 pre-signed account forms in respect of 9 29 clients, contrary to MFDA Rule 2.1.1; and b) between June 2007 and October 2013, the Respondent altered 7 account forms in respect of 7 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 13,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5February 25, 2015 and March 1April 8, 20182016, the Respondent photocopied signature pages from account forms that had been signed by clients and re-used the signature pages to complete 11 additional forms in respect of 4 clients, contrary to MFDA Rule 2.1.1; b) between January 7, 2014 and January 12, 2018 the Respondent altered 12 and used to process transactions 8 account forms in respect of 9 7 clients by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and bc) between January 2521, 2011 2013 and May 1814, 20182019, the Respondent obtained, possessed possessed, and in some instances used to process transactions, 58 88 pre-signed account forms in relation to 17 respect of 36 clients, contrary to MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 in certified funds 27,000 upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No. 1; b) the Respondent shall successfully complete the Ethics and Professional Conduct Course offered by the IFSE Institute, or an industry course acceptable to Staff of the MFDA, within 12 months of the acceptance of the Settlement Agreement, pursuant to section 24.1.1(b24.1.1(f) of By-law No. 1 upon acceptance of this Settlement Agreement1; bc) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; cd) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in person at by videoconference, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 2011 and March 1, 2018February 2017, the Respondent altered 12 obtained, possessed and, in some instances, used to process transactions, 68 pre-signed account forms in respect of 9 38 clients, contrary to MFDA Rule 2.1.1; and b) between January 2011 and February 2017, the Respondent falsified 10 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 16,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5September 17, 2015 2013 and March 1May 15, 20182017, the Respondent Respondent, or his assistant for whom he was responsible, altered 12 account forms in respect of 9 12 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January February 25, 2011 2013 and May 18February 22, 2018, the Respondent Respondent, or his assistant for whom he was responsible, obtained, possessed and in some instances used to process transactions, 58 17 pre-signed account forms in relation to 17 respect of 13 clients, contrary MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 11,500 in certified funds pursuant to section 24.1.1(b) of By-law No. 1 1, upon acceptance of this Settlement Agreement; b) the Respondent shall pay costs in the amount of $2,500 in certified pursuant to section 24.2 of By-law No. 1 1, upon acceptance of this Settlement Agreement; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 February 2014 and March 1, 2018, the Respondent altered 12 obtained, possessed, and in some instances, used to process transactions, 15 pre-signed account forms in respect of 9 clients by altering information on the account forms without having the clients initial the alterationsclients, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 March 2014 and May 18, 2018February 2017, the Respondent obtained, possessed altered and used to process transactions, 58 pre-signed 11 account forms in relation to 17 respect of 6 clients, by altering information on the account forms without having the client initial the alterations, contrary to MFDA Rule 22.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $13,000 11,500 in certified funds funds, pursuant to section s. 24.1.1(b) of MFDA By-law No. 1 No.1, in installments as follows: i. $6,000 upon acceptance of this Settlement AgreementAgreement by the Hearing Panel; and ii. $5,500 on or before the last business day of the second month following the acceptance of the Settlement Agreement by the Hearing Panel; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement by the Hearing Panel, pursuant to section s. 24.2 of MFDA By-law No. 1 upon acceptance of this Settlement AgreementNo.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person at or by teleconference on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between January 5, 2015 June 2006 and March 1, 2018May 2017, the Respondent obtained, possessed, and in some instances, used to process transactions, 230 pre-signed account forms, and altered 12 account 5 accounts forms without obtaining client initials, in respect of 9 clients by altering information on the account forms without having the clients initial the alterations26 clients, contrary to MFDA Rule 2.1.1; and b) between January 25, 2011 and May 18, 2018, the Respondent obtained, possessed and used to process transactions, 58 pre-signed account forms in relation to 17 clients, contrary MFDA Rule 2. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine be prohibited from conducting securities related business in any capacity in the amount employ of $13,000 in certified funds or associated with a Member of the MFDA for a period of 2 months from the date this Settlement Agreement is accepted, pursuant to section 24.1.1(b24.1.1(e) of MFDA By-law No. 1 upon acceptance of this Settlement Agreement1; b) the Respondent shall pay costs in the amount a fine of $2,500 25,000 in certified pursuant to section 24.2 of By-law No. 1 funds upon acceptance of this Settlement Agreement, pursuant to section 24.1.1(b) of MFDA By-law No. 1; c) the Respondent shall pay costs of $2,500 in certified funds upon acceptance of this Settlement Agreement, pursuant to section 24.2 of MFDA By-law No. 1; d) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in person at on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.