Notice of Settlement Hearing

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Notice of Settlement Hearing

File No. 200925





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: Bick Financial Security Corporation


NOTICE OF SETTLEMENT HEARING


NOTICE is hereby given that a hearing will be held before a hearing panel of the Central
Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of
Canada (the “MFDA”) on September 24, 2009 in the hearing room located at
121 King Street West, Suite 1000, Toronto, Ontario at 10:00 a.m. (Toronto), or as soon
thereafter as the hearing can be held, to consider whether, pursuant to section 24.4 of
By-law No. 1 of the MFDA, the Hearing Panel should accept the settlement agreement
(the “Settlement Agreement”) entered into between Staff of the MFDA and Bick
Financial Security Corporation (the “Respondent”).
The Settlement Agreement concerns matters for which the Respondent may be
disciplined as a Member of the MFDA, pursuant to ss. 20 and 24.1.2 of By-law No. 1 of
the MFDA.
PARTICULARS
1.
The Settlement Agreement concerns allegations that the Respondent failed to
establish, implement and maintain adequate policies and procedures for:
Page 1 of 2

a. conducting and maintaining records of trade supervision;
b. the review and approval of advertisements, sales communications and
client communications; and
c. assessing and supervising the suitability of leveraging recommendations
that its Approved Persons made to clients;
contrary to MFDA Rules 2.2.1, 2.5.1, 2.5.4, 2.7.2, 2.7.3, 2.8.2, 2.8.3(a), 5.1(a) and
MFDA Policy No. 2.
2.
The hearing is open to the public, unless and to the extent that the Hearing Panel
determines that all or part of the hearing should proceed in the absence of the public. If
the Hearing Panel accepts the Settlement Agreement, then copies of the decision of the
Hearing Panel and the Settlement Agreement will be made available to the public.

Date: September 11, 2009

“Jason D. Bennett”

Jason D. Bennett
Corporate Secretary

Mutual Fund Dealers Association of Canada
121 King Street West, Suite 1000
Toronto, Ontario, M5H 3T9
Telephone: 416-943-7431
Fax: 416-361-9781
Email: corporatesecretary@mfda.ca

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