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Order

Re:

Order

Order
File No. 201557




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: Brian Blundell



ORDER
(ARISING FROM SETTLEMENT HEARING ON MAY 12, 2016)



WHEREAS on November 17, 2015, 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 Brian Blundell (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the
MFDA, dated November 25, 2015 (the “Settlement Agreement”), in which the Respondent
agreed to a proposed settlement of matters for which the Respondent could be disciplined
pursuant to ss. 20 and 24.1 of By-law No. 1;

AND WHEREAS the Hearing Panel is of the opinion that the Respondent,

(a) between March 2010 and May 2014, the Respondent obtained, maintained and used
to process redemptions ten (10) pre-signed account forms in respect of three (3)
clients, contrary to MFDA Rule 2.1.1; and

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(b) between 2010 and 2014, the Respondent mislead the Member by affirming that he did
not obtain or possess any pre-signed account forms when completing the Member’s
Annual Registration Renewal Questionnaires, contrary to MFDA Rule 2.1.1.

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

1.
the Respondent shall pay a fine in the amount of $10,000, pursuant to section 24.1.1(b) of
By-law No. 1;

2.
the Respondent shall pay costs in the amount of $1,000, pursuant to section 24.2 of By-
law No. 1; and;

3.
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.

DATED this 12th day of May, 2016.

“Ian H. Pitfield”
The Hon. Ian H. Pitfield

Chair

“Elaine Davison”
Elaine Davison

Industry Representative

“Brian Cheung”
Brian Cheung

Industry Representative

DM 482321 v1
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