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Notice of Settlement Hearing

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:

Notice of Settlement Hearing



Notice of Settlement Hearing

File No. 200922





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: Douglas Richard St. Arnault



NOTICE OF SETTLEMENT HEARING


NOTICE is hereby given that a hearing will be held before a hearing panel of the Pacific
Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of
Canada (the “MFDA”) in the hearing room located at the Morris J. Wosk Centre for
Dialogue, 580 West Hastings Street, Vancouver, British Columbia on October 14, 2009
at 10:00 a.m. (Pacific), 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 Douglas Richard St. Arnault (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 By-law No. 1 of the MFDA.

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PARTICULARS

1.
The Settlement Agreement concerns allegations that, during March and April
2008, the Respondent:

(a) made racist and sexist remarks to MFDA Staff while they were conducting a
compliance examination, contrary to MFDA Rule 2.1.1(b) and (c); and
(b) denied MFDA Staff free access to the premises and documents of the
Member and thereby impeded and delayed the completion of a compliance
examination, contrary to s. 22.2 of By-law No. 1 of the MFDA.

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: August 7th, 2009

“Jason D. Bennett”

Jason D. Bennett
Corporate Secretary

Mutual Fund Dealers Association of Canada
121 King St. West, Suite 1000
Toronto, Ontario
M5H 3T9
Telephone: 416-943-7431
Facsimile: 416-361-9781
Email: [email protected]

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