Skip to Main Content

Order

Re:

Order


Order
File No. 200821
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: Peter Bruno Lamarche


ORDER


WHEREAS on November 19, 2008, 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 Peter Bruno Lamarche (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff
of the MFDA dated November 19, 2008 (the “Settlement Agreement”) in which the
Respondent agreed to a proposed settlement of matters for which he could be disciplined
pursuant to sections 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 Staff of the
MFDA;

AND WHEREAS the Hearing Panel is of the opinion that, by permitting sales of
exempt securities issued by FactorCorp Financial Inc. to be processed through the
facilities of Blonde & Little Financial Services Ltd. by one individual who was not
registered to advise on or trade in securities and by one Approved Person who was
required to process all of his securities related business through the facilities of his
Member, the Respondent facilitated conduct contrary to the Securities Act (Ontario),
1 of 2

MFDA Rule 1.1.1 and MFDA Rule 2.1.1, thereby engaging the jurisdiction of the
Hearing Panel to impose a penalty on the Respondent pursuant to s. 24.1.1(h) of MFDA
By-Law No. 1.

IT IS HEREBY ORDERED THAT the Settlement Agreement is accepted, as a
consequence of which the Respondent shall:

(a) pay a fine in the amount of $40,000, pursuant to s. 24.1.1(b) of MFDA By-law No. 1;

(b) be prohibited from being registered in any supervisory capacity with a Member of the
MFDA or acting in any supervisory capacity with a Member of the MFDA for a period
of two (2) years, pursuant to s. 24.1.1(f) of MFDA By-law No. 1;

(c) be prohibited from being registered as a partner, director or senior officer of a Member
of the MFDA or acting as a partner, director or senior officer of a Member of the
MFDA for a period of three (3) years, pursuant to s. 24.1.1(f) of MFDA By-law No. 1;
and

(d) pay the costs of the MFDA’s investigation and of this proceeding in the amount of
$2,500, pursuant to s. 24.2 of MFDA By-law No. 1.

DATED
this 2nd day of February, 2009.

Per:
“Hon. John Webber”

The Hon. John Webber, Chair

Per:
“Guenther Kleberg”

Guenther Kleberg, Industry Representative

Per:
“Richard Williams”

Richard Williams, Industry Representative

Doc 157891
Page 2 of 2