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File No. 201736

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: William Andrew Castle Thackray

Order

(ARISING FROM SETTLEMENT HEARING ON MAY 10, 2017)

WHEREAS on March 27, 2017, the Mutual Fund Dealers Association of Canada (the “MFDA”) issued a Notice of Hearing in respect of William Andrew Castle Thackray (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated April 20, 2017 (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 April and July 2014, the Respondent engaged in securities related business that was not carried on for the account or through the facilities of the Member by processing three redemptions on behalf of two former clients directly through the mutual fund companies, using trade documentation, the Respondent’s representative code and a signature guarantee stamp from his former mutual fund dealer, contrary to the Member’s policies and procedures and MFDA Rules1.2.1, 2.5.1, 1.1.1, and 2.1.1;  

IT IS HEREBY ORDERED THAT the Settlement Agreement is accepted, as a consequence of which:

  1. The Respondent shall pay a fine in the amount of $15,000 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; and
  1. 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: May 10, 2017

"Thomas R. Braidwood"

Thomas R. Braidwood

Chair


"Darlene Barker"

Darlene Barker

Industry Representative


"Susan Monk"

Susan Monk

Industry Representative


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