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Order
File No. 200805




IN THE MATTER OF A DISCIPLINARY HEARING
PURSUANT TO SECTIONS 20 AND 24 OF BY-LAW NO. 1 OF
THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA

Re: Brian Somerset Campbell

ORDER

WHEREAS on March 5, 2008, the Mutual Fund Dealers Association of Canada
(the “MFDA”) issued a Notice of Hearing pursuant to sections 20 and 24 of MFDA By-
law No. 1 in respect of a disciplinary proceeding commenced against Brian Somerset
Campbell (the “Respondent”);

AND WHEREAS the first appearance in this hearing took place by
teleconference call before a Hearing Panel of the Pacific Regional Council of the MFDA
(the “Hearing Panel”) on April 22, 2008;

AND WHEREAS on June 16, 2008 the Hearing Panel conducted a hearing on
the merits of the matters described in the Notice of Hearing;

AND WHEREAS in the opinion of the Hearing Panel the Respondent failed to
comply with MFDA Rules 2.1.1 and 2.4.1 and section 22.1 of MFDA By-law No. 1 as set
out in allegations 1-6 of the Notice of Hearing.

IT IS HEREBY ORDERED THAT:

1.
The following penalties be imposed on the Respondent:
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(a) a permanent prohibition on the authority of the Respondent to conduct
securities related business while in the employ of, or associated with, any Member
of the MFDA, pursuant to s. 24.1.1(e) of MFDA By-law No. 1;

(b) a fine in the amount of $50,000 in respect of Allegation 1 in the Notice of
Hearing, pursuant to s. 24.1.1(b) of By-law No. 1;

(c) a fine in the amount of $50,000 in respect of Allegation 2 in the Notice of
Hearing, pursuant to s. 24.1.1(b) of By-law No. 1;

(d) a fine in the amount of $50,000 in respect of Allegation 3 in the Notice of
Hearing, pursuant to s. 24.1.1(b) of By-law No. 1;

(e) a fine in the amount of $50,000 in respect of Allegation 4 in the Notice of
Hearing, pursuant to s. 24.1.1(b) of By-law No. 1;

(f) a fine in the amount of $50,000 in respect of Allegations 5 and 6 in the Notice
of Hearing, pursuant to s. 24.1.1(b) of By-law No. 1; and

(g) costs in the amount of $7,500, pursuant to section 24.2 of By-law No. 1.

2.
If at any time a non-party to this proceeding requests production of or access to
exhibits in this proceeding that contain intimate financial or personal information, then
the Corporate Secretary shall prepare copies of the requested exhibits, redact any and all
intimate financial or personal information therefrom, and provide the redacted copies to
the non-party, pursuant to Rule 1.8(2) and (5) of the MFDA Rules of Procedure.

DATED at Vancouver, British Columbia, this 16th day of June, 2008.

“Hon. Roger P. Kerans”

Per:
The Hon. Roger P. Kerans, Chair

Per:
“Cecilia Wong”

Cecilia Wong, Industry Representative

Per:
“Holly
Millar”

Holly Millar, Industry Representative

Doc 142960

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