File No. 201693
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: Giuseppe Cichello
(ARISING FROM SETTLEMENT HEARING ON JANUARY 26, 2017)
WHEREAS on November 8, 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 Giuseppe Cichello (the “Respondent”);
AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated November 4, 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 May 11, 2015 and May 13, 2015, the Respondent falsified 3 client signature on account forms, and used the account 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 5 months pursuant to s. 24.1.1(b) 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, Q.C. "
Paul M. Moore, Q.C.
"Kenneth P. Mann"
Kenneth P. Mann
"Robert C. White"
Robert C. White