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Charles Toth
Vice President, Enforcement
Jeff Mount
Vice-President, Pacific Region

New SRO Hearing Panel issues Decision and Reasons in the matter of Hope Thomas

May 12, 2023 (Toronto, Ontario) – A Hearing Panel of the New SRO’s Pacific District Hearing Committee (“New SRO”), has issued its Decision and Reasons dated April 25, 2023 (“Decision and Reasons”), in connection with a disciplinary hearing held electronically by videoconference in Vancouver, British Columbia on January 31, 2023, in the matter of Hope Moira Donna Thomas (the “Respondent”).

In its Decision and Reasons, the Hearing Panel outlined its findings of misconduct made against the Respondent. In particular:

Allegation #1: Between February 2019 and August 2019, the Respondent misappropriated or failed to account for monies obtained from a client or in the client’s name, contrary to MFDA Rule 2.1.1.

Allegation #2: Between February 2019 and August 2019, the Respondent submitted for processing unauthorized redemptions in the account of a client, contrary to the Member’s policies and procedures, and MFDA Rules 2.1.1, 2.5.1, and 1.1.2.

In its Decision and Reasons, the Hearing Panel announced the following sanctions on the Respondent:

  • A permanent prohibition of the authority of the Respondent to conduct securities related business;
  • A fine in the amount of $300,000; and
  • Costs in the amount of $10,000.

A copy of the Decision and Reasons is available on the MFDA website at During the period described in the Decision and Reasons, the Respondent carried on business in the Merritt, British Columbia area.

New Self-Regulatory Organization of Canada is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. New SRO is carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, and is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit


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