Common use of JOINT SETTLEMENT RECOMMENDATION Clause in Contracts

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 and September 2015, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 pre-signed account forms in respect of 10 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 January 5, 2015 and September 2015March 1, 2018, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 pre-signed altered 12 account forms in respect of 10 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 9 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and cb) on or about February 24between January 25, 20082011 and May 18, 2018, the Respondent photocopied a completed obtained, possessed and used to process transactions, 58 pre-signed account form signed by a client, used liquid correction fluid forms in relation to change the client instructions on the photocopied form, and submitted the account form for processing17 clients, contrary to MFDA Rule 2.1.12. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 13,000 in certified funds pursuant to section 24.1.1(b) of By-law No. 1 upon acceptance of the this Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds pursuant to section 24.2 of By-law No. 1 upon acceptance of the this Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for person at the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 January 2013 and September 2015January 2016, the Respondent altered and used to process transactions 11 account forms in respect of 10 clients by altering information on the account forms without having the client initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2012 and May 2018, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 8 pre-signed account forms in respect of 10 7 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 15,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 Between January 2016 and September 2015January 2019, the Respondent obtained, possessed andpossessed, in some instances, and used to process transactions, 15 21 pre-signed account forms in respect of 10 13 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and cb) on or about February 24, 2008In May 2019, the Respondent photocopied a completed altered and used to process transactions one account form signed by a client, used liquid correction fluid to change the client instructions altering information on the photocopied form, and submitted the account form for processingwithout having the client initial the alterations, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 10,000 in certified funds pursuant to section 24.1.1(b) of By-law No. 1, upon acceptance of the this Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds pursuant to section 24.2 of By-law No. 1, upon acceptance of the this Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 May 2012 and September 2015June 2019, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 77 pre-signed account forms in respect of 10 for 27 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 2013 and September 2015June 2019, the Respondent altered 17 and used to process transactions, 24 account forms in respect of 10 17 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 in certified funds 20,000 upon acceptance of the this Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay the costs incurred by the MFDA in the amount of $2,500 in certified funds upon acceptance of the this Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) the The Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.A.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 February 15, 2018 and September 2015March 6, 2019, the Respondent obtained, possessed andpossessed, in some instances, and used to process transactions, 15 11 pre-signed account forms in respect of 10 8 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 January 21, 2015 and September 2015March 28, 2019, the Respondent altered 17 and used to process transactions, 15 account forms in respect of 10 clients 13 clients, by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1.2.1.1.‌‌ 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 14,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, by videoconference on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 March 2009 and September 20152016, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 10 pre-signed account forms in respect of 10 9 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 March 2009 and September 20152016, the Respondent altered 17 7 account forms in respect of 10 6 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 8,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 April 2014 and September 2015May 2016, the Respondent obtained, possessed and, in some instances, altered and used to process transactions, 15 pre-signed 2 account forms in respect of 10 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 2 clients by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and cb) on or about February 24, 2008between March 2011 and August 2018, the Respondent photocopied a completed account form signed by a clientobtained, used liquid correction fluid to change the client instructions on the photocopied formpossessed, and submitted the used to process transactions, 6 pre-signed account form for processingforms in respect of 5 clients, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 11,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, person on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 May 2002 and September 2015July 2016, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 68 pre-signed account forms in respect of 10 29 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 June 2007 and September 2015October 2013, the Respondent altered 17 7 account forms in respect of 10 7 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 13,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 June 2006 and September 2015May 2017, the Respondent obtained, possessed andpossessed, and in some instances, used to process transactions, 15 230 pre-signed account forms, and altered 5 accounts forms without obtaining client initials, in respect of 10 26 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine be prohibited from conducting securities related business in any capacity in the amount employ of $12,500 in certified funds upon acceptance or associated with a Member of the MFDA for a period of 2 months from the date this Settlement AgreementAgreement is accepted, pursuant to s. 24.1.1(bsection 24.1.1(e) of MFDA By-law No.1No. 1; b) the Respondent shall pay a fine of $25,000 in certified funds upon acceptance of this Settlement Agreement, pursuant to section 24.1.1(b) of MFDA By-law No. 1; c) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the this Settlement Agreement, pursuant to s. section 24.2 of MFDA By-law No.1No. 1; cd) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in person, person on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations violation of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 and September 2015on or about August 1, 2016, the Respondent obtainedfalsified, possessed and, in some instances, and used to process transactionsa transaction, 15 pre-signed 1 account forms in respect of 10 clientsform by altering information on the account form without having the client initial the alterations, contrary to MFDA Rule 2.1.1; b) between December 2003 September 2006 and September 2015October 2016, the Respondent altered 17 obtained and possessed, 4 pre-signed account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations3 clients, contrary to MFDA Rule 2.1.1; and c) on or about February 24October 21, 20082014, the Respondent photocopied made a completed account form false statement to the Member about his use of pre-signed by a client, used liquid correction fluid to change forms when completing the client instructions on the photocopied form, and submitted the account form for processingMember’s annual registration questionnaire, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay be suspended for a fine period of 2 months from conducting securities related business in any capacity while in the amount employ of $12,500 in certified funds upon acceptance or associated with a Member of the Settlement AgreementMFDA commencing from the date of the Hearing Panel’s final Order herein, pursuant to s. 24.1.1(b24.1.1(c) of MFDA By-law No.1; b) the Respondent shall pay a fine in the amount of $5,000 in certified funds upon acceptance of this Settlement Agreement, pursuant to section 24.1.1(b) of By-law No. 1; c) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the this Settlement Agreement, pursuant to s. section 24.2 of MFDA By-law No.1No. 1; cd) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in person, person on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 February 2014 and September 2015February 2017, the Respondent, acting in his capacity as branch manager, reviewed and approved the use of 27 altered account forms, contrary to MFDA Rules 2.5.5(f) and 2.1.1; and b) between July 2014 and October 2016, the Respondent obtained, possessed and, in some instances, altered and used to process transactions, 15 pre-signed 4 account forms in respect of 10 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 3 clients by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 16,000 in certified funds upon the acceptance of the Settlement Agreement, pursuant to s. section 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. section 24.2 of MFDA By- law No. 1; c) the Respondent shall be permanently prohibited from acting as a branch manager or in any supervisory capacity for a Member of the MFDA commencing upon the date the Settlement Agreement is accepted by the Hearing Panel, pursuant to section 24.1.1(f) of MFDA By-law No.1No. 1; cd) the Respondent shall in the future comply with MFDA Rule Rules 2.5.5(f) and 2.1.1; and de) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 January 2011 and September 2015February 2017, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 68 pre-signed account forms in respect of 10 38 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 January 2011 and September 2015February 2017, the Respondent altered 17 falsified 10 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 16,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 February 25, 2015 and September 2015April 8, 2016, the Respondent obtained, possessed and, in some instances, photocopied signature pages from account forms that had been signed by clients and re-used the signature pages to process transactions, 15 pre-signed account complete 11 additional forms in respect of 10 4 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 January 7, 2014 and September 2015January 12, 2018 the Respondent altered 17 and used to process transactions 8 account forms in respect of 10 7 clients by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24between January 21, 20082013 and May 14, 2019, the Respondent photocopied a completed account form signed by a clientobtained, used liquid correction fluid to change the client instructions on the photocopied formpossessed, and submitted the in some instances used to process transactions, 88 pre-signed account form for processingforms in respect of 36 clients, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 in certified funds 27,000 upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall successfully complete the Ethics and Professional Conduct Course offered by the IFSE Institute, or an industry course acceptable to Staff of the MFDA, within 12 months of the acceptance of the Settlement Agreement, pursuant to section 24.1.1(f) of By-law No. 1; c) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; cd) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in personby videoconference, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 September 2012 and October 2016, the Respondent altered and used to process transactions, 21 account forms in respect of 10 clients by altering information on the account forms without having the client initial the alterations, contrary to MFDA Rule 2.1.1; b) between August 2013 and September 2015, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 37 pre-signed account forms in respect of 10 9 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about between February 24, 20082015 and November 2015, the Respondent photocopied a completed cut and pasted client signatures from copies of account form forms previously signed by two clients onto a client, used liquid correction fluid to change the client instructions on the photocopied formtotal of three new account forms, and submitted the account form forms to the Member for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 20,000 in certified funds upon the acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-By- law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, person on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 January 2018 and September 20152018, the Respondent obtainedRespondent, possessed andon 8 occasions, in some instancessigned the initials of clients next to alterations he made to information on accounts forms, used and submitted them to process transactions, 15 pre-signed account forms in respect of 10 clientsthe Member for processing, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015in May 2018, the Respondent altered 17 and used to process a transaction 1 account forms form in respect of 10 clients 1 client by altering information on the account forms form without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008between January 2015 and October 2018, the Respondent photocopied a completed obtained, possessed and used to process transactions, 30 pre-signed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processingforms in respect of 21 clients, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall be suspended from conducting securities related business in any capacity while in the employ of or associated with any MFDA Member for a period of 9 months commencing from the date the Settlement Agreement is accepted by the Hearing Panel, pursuant to s. 24.1.1(e) of MFDA By-law No. 1; b) the Respondent shall pay a fine in the amount of $12,500 2,500, in certified funds upon acceptance of the Settlement Agreementfunds, pursuant to s. 24.1.1(b) of MFDA By-law No.1;No. 1, in installments as follows: bc) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement AgreementAgreement by the Hearing Panel, pursuant to s. 24.2 of MFDA By-law No.1No. 1; cd) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in personby videoconference, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”):: a) between December 2003 January 2006 and September 2015July 2014, the Respondent obtained, possessed altered and, in some instances, used to process transactions, 15 pre-signed 18 account forms in respect of 10 13 clients, contrary to MFDA Rule 2.1.1; b) between December 2003 and September 2015, the Respondent altered 17 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and cb) on or about February 24, 2008between 2004 and January 2015, the Respondent photocopied a completed obtained and possessed 3 pre-signed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processingforms in respect of 3 clients, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 in certified funds upon acceptance of the Settlement Agreement, 10,000 pursuant to s. 24.1.1(b) of MFDA By-law No.1No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1No. 1; c) should the Respondent, at any time in the future, seek to hold the position of Branch Manager, before doing so he will be required to successfully complete the Branch Manager’s course offered by the Canadian Securities Institute in relation to the mutual fund industry; d) the Respondent shall in the future comply with MFDA Rule 2.1.1; and de) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.

JOINT SETTLEMENT RECOMMENDATION. 3. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement. 4. The Respondent admits to the following violations of the By-laws, Rules or Policies of the Mutual Fund Dealers Association of Canada (“MFDA”): a) between December 2003 January 2007 and September 20152017, the Respondent obtained, possessed and, in some instances, used to process transactions, 15 124 pre-signed account forms in respect of 10 50 clients, contrary to MFDA Rule 2.1.1;; and b) between December 2003 February 2010 and September 2015February 2017, the Respondent altered 17 11 account forms in respect of 10 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and c) on or about February 24, 2008, the Respondent photocopied a completed account form signed by a client, used liquid correction fluid to change the client instructions on the photocopied form, and submitted the account form for processing, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the Respondent shall pay a fine in the amount of $12,500 17,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1(b) of MFDA By-law No.1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.2 of MFDA By-law No.1; c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the Respondent will attend in person, on the date set for the Settlement Hearing. 6. Staff and the Respondent agree to the settlement on the basis of the facts set out in Part III herein and consent to the making of an Order in the form attached as Schedule “A”.