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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. 201549



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: Mervyn Sutton and Rachel Sutton Akers




NOTICE OF SETTLEMENT HEARING

NOTICE is hereby given that a hearing will be held before a hearing panel of the Prairie
Regional Council (the “Hearing Panel”) of the Mutual Fund Dealers Association of Canada (the
“MFDA”) on December 10, 2015 at 12:00 p.m. (Central), or as soon thereafter as the matter can
be heard, at a venue to be announced in Saskatoon, Saskatchewan, 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 the
Respondents, Mervyn Sutton (“Sutton”) and Rachel Sutton Akers (“Akers”).

The subject matter of the proposed Settlement Agreement concerns matters for which the
Respondents may be disciplined as Approved Persons 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 the Respondents, between February
6, 2012 and June 23, 2014, obtained, maintained and, in some cases, used to process transactions,
35 blank or partially complete pre-signed account forms in respect of 21 client accounts, contrary
to MFDA Rule 2.1.1.

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.

DATED this 17th day of November, 2015.

“Sarah Rickard”

Sarah Rickard
Director of Regional Councils

Mutual Fund Dealers Association of Canada
121 King Street West, Suite 1000
Toronto, ON M5H 3T9
Telephone: 416-943-5143
Facsimile: 416-361-9781
Email: [email protected]

DM 453609 v1

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