Notice of Settlement Hearing

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Notice of Settlement Hearing
File No. 201130



IN THE MATTER OF A SETTLEMENT HEARING
PURSUANT TO SECTION 24.4 OF BY-LAW NO. 1 OF
THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA


Re: Anu Bala Jain



NOTICE OF SETTLEMENT HEARING

NOTICE is hereby given that a hearing will be held before a hearing panel of the Central
Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of Canada (the
“MFDA”) in the hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario on
Monday, February 27, 2012, at 10:00 a.m. or as soon thereafter as the hearing can be held, to
consider whether, pursuant to section 24.4 of By-law No. 1 of the MFDA, the Hearing Panel
should accept the settlement agreement (the “Settlement Agreement”) entered into between Staff
of the MFDA and Anu Bala Jain (the “Respondent”).

The subject matter of the proposed Settlement Agreement concerns matters for which the
Respondent may be disciplined as an Approved Person of the MFDA, pursuant to ss. 20 and
24.1.1 of By-law No. 1 of the MFDA.

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PARTICULARS

1.
The Settlement Agreement concerns allegations that:

(a) the Respondent allowed an unregistered individual to conduct securities related
business using her representative code, thereby, facilitating stealth advising; failing to
fulfill her obligations to ensure that investment recommendations made to her clients
were suitable; and failing in her capacity as branch manager to ensure that branch
business was conducted in compliance with regulatory requirements, contrary to
MFDA Rules 1.1.1(c), 2.1.1, 2.2.1 and 2.5.3(b)1

(b) in response to a client complaint, the Respondent made false and misleading
statements and omitted to provide relevant information during investigations of her
conduct by two Members and by MFDA Staff, contrary to MFDA Rule 2.1.1 and s.
22.1 of MFDA By-law No. 1.

2.
The hearing will be open to the public, unless and to the extent that the Hearing Panel
determines that all or part of the hearing should proceed in the absence of the public. If the
Hearing Panel accepts the Settlement Agreement, then copies of the decision of the Hearing
Panel and the Settlement Agreement will be made available to the public.

DATED this 17th day of February, 2012.

“Jason D. Bennett”

Jason D. Bennett

Corporate Secretary

Mutual Fund Dealers Association of Canada
121 King Street West, Suite 1000
Toronto, Ontario
M5H 3T9
Telephone: 416-943-7431
Facsimile: 416-361-9781
Email: corporatesecretary@mfda.ca
Doc 284032

1 On January 21, 2011, amendments to the numbering and wording of certain MFDA Rules came into effect as a
consequence of which, former MFDA Rule 2.5.3 is now amended and incorporated into Rule 2.5.5.

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