File No. 201651
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: Andrew Leonard Doyle
(ARISING FROM SETTLEMENT HEARING ON DECEMBER 15, 2016)
WHEREAS on July 25, 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 Andrew Leonard Doyle (the “Respondent”);
AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated July 27, 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 September 2009 and March 2015, the Respondent, or his assistants, for whom he was responsible, altered and in some instances, used to process transactions, 60 account forms by altering information on the account forms without obtaining client initials authorizing the alterations and, obtained, possessed, and in some instances, used to process transactions, 65 pre-signed account forms, contrary to MFDA Rule 2.1.1;
IT IS HEREBY ORDERED THAT the Settlement Agreement is accepted, as a consequence of which:
- The Respondent shall pay a fine in the amount of $17,500 pursuant to s. 24.1.1(b) of MFDA By-law No.1;
- The Respondent shall pay costs in the amount of $2,500 pursuant to s. 24.2 of MFDA By-law No. 2;
- The Respondent shall in the future comply with MFDA Rule 2.1.1; and
- 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: Dec 15, 2016
"Paul M. Moore"
Paul M. Moore
"Brigitte J. Geisler"
Brigitte J. Geisler
"Kenneth P. Mann"
Kenneth P. Mann