File No. 201681
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: Mirella Adair
(ARISING FROM SETTLEMENT HEARING ON NOVEMBER 29, 2016)
WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated October 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 that between July 8, 2008 and January 26, 2011, the Respondent obtained, possessed and used to process transactions, 6 pre-signed account forms in respect of 6 clients, 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 $3,500, pursuant to section 24.1.1(b) of By-law No. 1;
- The Respondent shall pay costs in the amount of $2,500, pursuant to section 24.2 of By-law No. 1;
- The Respondent shall in the future comply with MFDA Rule 2.1.1; and
DATED: Nov 29, 2016
"Rene P. Foisy"
Rene P. Foisy
"M. Elaine Bradley"
M. Elaine Bradley