Notice of Settlement Hearing

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Notice of Settlement Hearing
File No. 201345




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: Orville Keith Carruthers




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”) in the hearing room located at 121 King Street West, Suite 1000, Toronto, Ontario on
October 23, 2013 at 2:00 p.m. (Eastern), or as soon thereafter as the hearing can be held, to
consider whether, pursuant to section 24.4 of MFDA By-law No. 1, the Hearing Panel should
accept the settlement agreement (the “Settlement Agreement”) entered into between Staff of the
MFDA and Orville Keith Carruthers (the “Respondent”).

The subject matter of the proposed Settlement Agreement concerns matters for which the
Respondent may be disciplined as an Approved Person of the MFDA, pursuant to ss. 20 and
24.1.1 of MFDA By-law No. 1.



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PARTICULARS

1.
The Settlement Agreement concerns allegations that between June 26, 2008 and
August 20, 2012, the Respondent obtained, maintained and/or used approximately 170 account
forms in 60 client accounts which were signed by clients when the account forms were blank or
only partially complete, or contained photocopies of client signatures, contrary to MFDA
Rule 2.1.1.

2.
The hearing will be 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.

DATED this 2nd day of October, 2013.

“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
Facsimile: 416-361-9781
Email: corporatesecretary@mfda.ca
DM 355592 v2
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