Order

WHEREAS on of January 4, 2021, the Mutual Fund Dealers Association of Canada (the “MFDA”) issued a Notice of Hearing pursuant to sections 20 and 24 of By-law No. 1 in respect of a disciplinary proceeding commenced against Derek Jarod Targerson (the “Respondent”);

AND WHEREAS on September 1, 2021, the Hearing Panel conducted a hearing on the merits of this matter (“Hearing”);

AND WHEREAS the Hearing Panel considered the evidence and submissions presented by Staff of the MFDA at the Hearing;

AND WHEREAS the Hearing Panel finds that:

1. On or about August 29, 2017, the Respondent signed a client’s signature on 2 account forms and submitted the forms to the Member for processing, contrary to MFDA Rule 2.1.1; and
2. On or about August 29, 2017, the Respondent created a meeting note that falsely stated that the Respondent had met with and obtained the signatures of a client on account forms, when the Respondent had not met with the client, contrary to MFDA Rule 2.1.1.

IT IS HEREBY ORDERED THAT:

1. The Respondent shall pay a fine in the amount of $7,500, pursuant to section 24.1.1(b) of By-law No. 1 (“Fine”);
2. The Respondent shall pay costs in the amount of $2,500, pursuant to section 24.2 of By-law No. 1 (“Costs”);
3. The Respondent shall pay the Fine and Costs by no later than September 1, 2022; and
4. 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.