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 MFDA: a) between January 2012 and May 2015, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 pre-signed account forms in respect of 10 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 $5,000 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 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 MFDA: a) between January 2012 October 2007 and May 2015November 2014, the Respondent obtained, possessedpossessed and, and in some instances, used to process transactions, 16 34 pre-signed account forms in respect of 10 4 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 $5,000 8,000 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 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 MFDA: a) between January 2012 2006 and May 2015March 2014, the Respondent obtained, possessedpossessed and, and in some instances, used to process transactions, 16 22 pre-signed account forms in respect of 10 8 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 $5,000 6,500 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 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 MFDA: a) between January 2012 and May 2015on or about August 16, 2016, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 10 pre-signed account forms in respect of 10 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 $5,000 6,500, pursuant to s. Section 24.1.1(b) of MFDA By-law Bylaw No. 1; (b) the Respondent shall pay costs in the amount of $2,500 2,500, pursuant to s. section 24.2 of MFDA By-law Bylaw No. 1; (c) the Respondent shall in the future comply with MFDA Rule 2.1.1; and (d) the Respondent will attend in personperson or by telephone, 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 MFDA: a) between January 2012 2015 and May 2015March 2016, the Respondent obtained, obtained and possessed, and in some instances, used to process transactions, 16 22 pre-signed account forms in respect of 10 12 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 $5,000 6,500 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 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 MFDA: a) between January 2012 2005 and May 2015, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 18 pre-signed account forms in respect of 10 9 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 $5,000 11,500 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 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 MFDA: a) between January 2012 November 29, 2013 and May 2015August 2014, the Respondent obtained, possessed, and processed approximately 53 authorized discretionary trades as part of a dollar-cost averaging strategy in some instances, used relation to process transactions, 16 pre-signed account forms in respect of 10 clients1 client, contrary to MFDA Rule Rules 2.3.1 and 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 $5,000 11,500 pursuant to s. section 24.1.1(b) of MFDA By-law No. 1; (b) the Respondent shall pay costs in the amount of $2,500 2,500, pursuant to s. section 24.2 of MFDA By-law No. 1; (c) the Respondent shall in the future comply with MFDA Rule Rules 2.3.1 and 2.1.1; and (d) the Respondent will attend the Settlement Hearing 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 MFDA: a) between January 2012 February 2014 and May 2015December 2014, the Respondent obtained, possessedpossessed and, and in some instances, used to process transactions, 16 18 pre-signed account forms in respect of 10 9 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 $5,000 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 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 MFDA: a) between January 2012 November 2007 and May August 2015, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 34 pre-signed account forms in respect of 10 8 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 $5,000 9,000 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 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, by teleconference 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 MFDA: a) between January 2012 March 2009 and May 2015December 2013, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 18 pre-signed account forms in respect of 10 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 $5,000 pursuant to s. 24.1.1(b24.1.1.(b) of MFDA By-law No. 1; (b) the Respondent shall pay costs in the amount of $2,500 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 personperson or by teleconference, 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 MFDA: a) between January 2012 2010 and May 20152013, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 11 pre-signed account forms in respect of 10 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 $5,000 17,500 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 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 MFDA: a) between January 2012 2015 and May 2015March 2016, the Respondent obtained, possessedpossessed and, and in some instances, used to process transactions, 16 147 pre-signed account forms in respect of 10 94 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 $5,000 17,500 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 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 MFDA: a) between January 2012 February 2014 and May 2015September 2014, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 7 pre-signed account forms in respect of 10 6 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 $5,000 4,000 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 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 MFDA: a) between January 2012 February 2017 and May 2015March 2018, the Respondent obtained, possessedsigned the signatures of 2 clients on 10 account forms, and in some instances, used submitted the forms to process transactions, 16 pre-signed account forms in respect of 10 clientsthe 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 $5,000 15,000 in certified funds, pursuant to s. 24.1.1(b24.1.1.(b) of MFDA By-law No. 1; (b) the Respondent shall pay costs in the amount of $2,500 in certified funds, pursuant to 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 MFDA: a) between January 2012 September and May October 2015, the Respondent obtainedsigned 7 client signatures or initials on 5 account forms, possessed, and in some instances, used to process transactions, 16 pre-signed account forms in respect of 10 2 clients, and submitted the account 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 $5,000 5,000, 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 1,000 pursuant to s. 24.2 of MFDA By-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 MFDA: a) between January 2012 July 2010 and May 2015August 2013, the Respondent obtained, possessed, and in some instances, used to process transactions, 16 29 pre-signed account forms in respect of 10 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 $5,000 10,000 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 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 MFDA: a) between January November 2012 and May July 2015, the Respondent obtained, possessed, possessed and in some instances, used to process processed transactions, 16 31 pre-signed account forms in respect of 10 12 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 $5,000 8,500 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 pursuant to s. 24.2 of MFDA By-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”.