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MFDA Order

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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

Order

(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;

  1. The Respondent shall pay costs in the amount of $2,500, pursuant to section 24.2 of By-law No. 1;
  2.  The Respondent shall in the future comply with MFDA Rule 2.1.1; and
  3.  If at any time a non-party to this proceeding, with the exception of the bodies set out in section 23 of MFDA By-law No. 1, requests production of or access to exhibits in this proceeding that contain personal information as defined by the MFDA Privacy Policy, then the MFDA Corporate Secretary shall not provide copies of or access to the requested exhibits to the non-party without first redacting from them any and all personal information, pursuant to Rules 1.8(2) and (5) of the MFDA Rules of Procedure.

DATED: Nov 29, 2016

"Rene P. Foisy"

Rene P. Foisy

Chair


"M. Elaine Bradley"

M. Elaine Bradley

Industry Representative


"Richard Sydenham"

Richard Sydenham

Industry Representative


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