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Order

Re:

Order

Order
File No. 200707



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: Robert Michael Smylski



ORDER

WHEREAS on April 18, 2007, the Mutual Fund Dealers Association of Canada
(the “MFDA”) issued a Notice of Settlement Hearing pursuant to section 24.4 of By-law
No. 1 in respect of Robert Michael Smylski (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff
of the MFDA, dated February 28, 2007 (the “Settlement Agreement”), in which the
Respondent agreed to a proposed settlement of matters for which the Respondent could
be disciplined as an Approved Person of the MFDA, pursuant to ss. 20 and 24.1.1 of By-
law No. 1;

AND UPON reviewing the Settlement Agreement and the Notice of Settlement
Hearing, and upon hearing submissions from counsel for the Respondent and for Staff of
the MFDA;

AND WHEREAS the Hearing Panel is of the opinion that the Respondent’s
conduct was contrary to the public interest;
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IT IS HEREBY ORDERED THAT the Settlement Agreement is accepted, as a
consequence of which, the following penalties shall be imposed upon the Respondent:

1. Pursuant to s. 24.1.1 of By-law No. 1, a permanent prohibition on the
authority of the Respondent to conduct securities related business while in the
employ of, or associated with, any MFDA Member;

2. Pursuant to s. 24.1.1 of By-law No. 1, the Respondent shall pay a fine in the
amount of $5,000.00 upon the acceptance of this Settlement Agreement.

DATED at Calgary this 22nd day of May 2007.

Per: “Alan V.M. Beattie”

Alan V.M. Beattie, Q.C., Chair

Per: “Anneke Findlay”

Anneke Findlay, Industry Representative

Per: “Patricia Kloepfer”

Patricia Kloepfer, Industry Representative

Doc #108460