File No. 201755
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: Jeffery John Burchill
(ARISING FROM SETTLEMENT HEARING ON JULY 27, 2017)
WHEREAS on May 10, 2017, the Mutual Fund Dealers Association of Canada (“MFDA”) issued a Notice of Settlement Hearing pursuant to section 24.4 of By-law No. 1 in respect of Jeffery John Burchill (“Respondent”);
AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated May 9, 2017 (“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 October 2003 and February 2015, the Respondent obtained, possessed, and used to process transactions, 222 pre-signed account forms in respect of 92 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 be prohibited from conducting securities related business in any capacity while in the employ of or associated with a Member of the MFDA for a 30 day period between August 15, 2017 and September 14, 2017 pursuant to s. 24.1.1(e) of MFDA By-law No. 1;
- the Respondent shall pay a fine in the amount of $20,000 pursuant to s. 24.1.1(b) of MFDA By-law No. 1 with $10,000 due upon approval of this settlement agreement and the balance due on August 1, 2017;
- the Respondent shall pay costs in the amount of $2,500 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: Jul 27, 2017
"Frederick H. Webber"
Frederick H. Webber
"Brigitte J. Geisler"
Brigitte J. Geisler
"Robert C. White"
Robert C. White