Order

WHEREAS on August 4, 2021, the Mutual Fund Dealers Association of Canada (the “MFDA”) issued a Notice of Settlement Hearing pursuant to section 24.4 of MFDA By-law No. 1 in respect of Jason Daniel Hare (the “Respondent”);

AND WHEREAS the Respondent entered into a settlement agreement with Staff of the MFDA, dated August 3, 2021 (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 MFDA By-law No. 1;

AND WHEREAS the Hearing Panel is of the opinion that:

1. between August 25, 2014 and July 4, 2019, the Respondent obtained, possessed and used to process transactions, 120 pre-signed account forms in respect of 63 clients, contrary to MFDA Rule 2.1.1; and
2. between October 23, 2014 and November 20, 2018, the Respondent altered and used to process transactions, 45 account forms in respect of 35 clients, by altering information on the account forms without having the client initial the alterations, contrary to MFDA Rule 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 $28,500, pursuant to s. 24.1.1(b) of MFDA By-law No.1;
2. The Respondent shall be suspended from conducting securities related business in any capacity while in the employ of or associated with any Member of the MFDA for a period of 30 days commencing on the date the Settlement Agreement is accepted by the Hearing Panel, pursuant to s. 24.1.1(c) of MFDA By-law No.1;
3. The Respondent shall pay costs in the amount of $2,500, pursuant to s. 24.2 of MFDA By-law No.1;
4. The Respondent shall in the future comply with MFDA Rule 2.1.1; and
5. 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.