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Order

Re:

Order

Order
File No. 201612




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: Brenden Mernagh



ORDER
(ARISING FROM SETTLEMENT HEARING ON MARCH 31, 2016)



WHEREAS on February 24, 2016, 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 Brenden Mernagh (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the
MFDA, dated January 25, 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 December 2013 and
January 2014, the Respondent falsified the signature of 10 clients on 13 account forms;

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

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1.
The Respondent shall be prohibited from conducting securities related business in any
capacity while in the employ or associated with any Member of the MFDA for a period of 6
months from the date of the settlement hearing, 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 comply in future with MFDA Rule 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 31st day of March, 2016.

“Martin L. Friedland”
Martin L. Friedland, C.C., Q.C.

Chair

“Kenneth P. Mann”
Kenneth P. Mann

Industry Representative

“Matthew Onyeaju”
Matthew Onyeaju

Industry Representative

DM 474785 v1
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