File No. 201670
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: Jonathan Bradley Hare
(ARISING FROM SETTLEMENT HEARING ON JANUARY 26, 2017)
WHEREAS on September 6, 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 Johnathan Bradley Hare (the “Respondent”);
AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated September 6, 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 between November 2014 and May 2015, the Respondent falsified 8 client signatures on account forms in respect of 6 clients, and in some instances, used the forms to process transactions, 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 be prohibited from conducting securities related business in any capacity while in the employ of or associated with a MFDA Member for a period of 12 months from the date of the acceptance of the settlement agreement by the Hearing Panel, pursuant to s. 24.1.1(e) of MFDA By-law No. 1;
- the Respondent shall pay costs in the amount of $1,000 pursuant to s. 24.2 of MFDA By-law No. 1;
- the Respondent shall in the future comply with MFDA Rule 2.1.1; and
DATED: Jan 26, 2017
"Paul M. Moore"
Paul M. Moore
"Kenneth P. Mann"
Kenneth P. Mann
"Robert C. White"
Robert C. White