Skip to Main Content

Order

Re:

Order

Order
File No. 200701



IN THE MATTER OF AN APPLICATION
PURSUANT TO SECTION 24.3 OF BY-LAW NO. 1
OF THE MUTUAL FUND DEALERS ASSOCIATION OF CANADA

Re: Merchant Capital Wealth Management Corp.




ORDER


WHEREAS this application was brought by Staff of the Mutual Fund Dealers
Association of Canada (the "MFDA"), without notice to Merchant Capital Wealth
Management Corporation (“Merchant”), a Member of the MFDA, before a Hearing Panel
(the "Hearing Panel") of the Regional Council of the Central Region of the MFDA
pursuant to section 24.3.1(a) of MFDA By-law No. 1;
AND WHEREAS on reading the Affidavit of Laura Milliken sworn February 15,
2007 and on hearing the submissions of counsel for Staff of the MFDA;
AND WHEREAS on December 31, 2006, the Ontario Securities Commission
suspended the registration of Merchant as a mutual fund dealer for failure to renew;
AND WHEREAS pursuant to section 24.3.1(a) of MFDA By-law No. 1, the
Hearing Panel has the power to suspend the rights and privileges of a Member when their
registration as a mutual fund dealer has been suspended.

IT IS HEREBY ORDERED THAT:
1.
The rights and privileges of membership of Merchant in the MFDA are suspended
forthwith until further order of a Hearing Panel;
2.
If Merchant fails to renew their registration as a mutual fund dealer within thirty
(30) days of the effective date of service of this Order, then Staff of the MFDA
may proceed with an application pursuant to section 24.3.2 (a) of MFDA By-law
No. 1, without notice to Merchant, to terminate the rights, privileges and
membership of Merchant in the MFDA;
3.
Staff of the MFDA, or Merchant may apply to a Hearing Panel, on reasonable
notice, for directions, to amend or vary any terms and conditions of this Order or
for such further and other relief as a Hearing Panel determines is appropriate in
the circumstances; and
4.
This Order may be signed in counterparts.

DATED at Toronto this 23rd day of March, 2007.

Per: “Thomas J. Lockwood”

Thomas J. Lockwood Q.C., Chair

Per: “Guenther Kleberg”

Guenther Kleberg

Per: “Sandy Grant”

Sandy Grant


Doc. 103822