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Order

Re:

Order

Order
File No. 201611




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: Luke Dritsoulas



ORDER
(ARISING FROM SETTLEMENT HEARING ON SEPTEMBER 29, 2016)



WHEREAS on February 23, 2016, the Mutual Fund Dealers Association of Canada (the
“MFDA”) issued a Notice of Hearing pursuant to section 24.4 of By-law No. 1 in respect of
Luke Dritsoulas (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the
MFDA, dated August 4, 2016 (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 between February 21, 2013
and September 19, 2014, the Respondent obtained and used 17 account forms to process 11
authorized transactions in respect of 2 clients, which account forms he ought to have known
contained falsified client signatures, contrary to MFDA Rule 2.1.1;

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

1.
The Respondent shall be prohibited from conducting securities related business in any
capacity while in the employ of or associated with any Member of the MFDA for a period of six
weeks, pursuant to section 24.1.1(e) of MFDA By-law No. 1;

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

3.
The Respondent shall in the future comply with MFDA Rules 1.1.2, 2.5.1 and 2.1.1; and

4.
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 29th day of September, 2016.

“Paul M. Moore”
Paul M. Moore, Q.C.

Chair

“David W. Kerr”
David W. Kerr

Industry Representative

“Robert C. White”
Robert C. White

Industry Representative

DM 505255 v1
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