Order

WHEREAS on October 4, 2017, the Mutual Fund Dealers Association of Canada (“MFDA”) issued a Notice of Hearing pursuant to sections 20 and 24 of By-law No. 1 in respect of a disciplinary proceeding commenced against Jeremy William Travis (“Respondent”);

AND WHEREAS on March 14, 2018 the hearing on the merits (“Hearing”) of this matter was held before the Hearing Panel;

AND WHEREAS no one appeared at the Hearing on behalf of the Respondent;

AND WHEREAS the Hearing Panel considered the evidence filed by, and the submissions of, Staff of the MFDA;

AND WHEREAS it is the opinion of the Hearing Panel that:

1. commencing in December 2010, the Respondent engaged in personal financial dealings with client MP by borrowing $10,000 from the client and obtaining $2,200 in airline tickets paid for with the client’s credit card, which gave rise to a conflict or potential conflict of interest that he failed to disclose to the Member or address by the exercise of responsible business judgment influenced only by the best interests of the clients, contrary to MFDA Rules 2.1.1 and 2.1.4;
2. in March and November 2015, the Respondent misled the Member by falsely denying that he had borrowed money from a client, thereby interfering with the ability of the Member to supervise his activities and engaging in conduct that is unbecoming and detrimental to the public interest, contrary to MFDA Rules 1.1.2, 2.5.1 and 2.1.1; and
3. commencing in July 2016, the Respondent has failed to cooperate with an investigation by Staff of the MFDA concerning his conduct, contrary to section1 of MFDA By-law No. 1.

IT IS HEREBY ORDERED THAT:

1. If at any time a non-party to this proceeding requests production of, or access to, any materials filed in, or the record of, this proceeding, including all exhibits and transcripts, then the MFDA Corporate Secretary shall not provide copies of, or access to, the requested documents to the non-party without first redacting from them any and all intimate financial or personal information, pursuant to Rules 1.8(2) and (5) of the MFDA Rules of Procedure;

2. The Respondent is permanently prohibited from conducting securities related business in any capacity over which the MFDA has jurisdiction, pursuant to s. 24.1.1(e) of MFDA By-law No. 1;

3. The Respondent shall pay a fine in the amount of $50,000, pursuant to s. 24.1.1(b) of MFDA By-law No. 1;

4. The Respondent shall pay costs of this proceeding in the amount of $5000 pursuant to s. 24.2 of MFDA By-law No. 1.