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 February 2013 and May 2016, the Respondent altered 14 account forms in respect of 12 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2009 and January 2016, the Respondent obtained, possessed, and used to process transactions, 10 pre-signed account forms in respect of 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 $14,500 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 February 2013 and In May 20162017, the Respondent altered 14 directed his assistant, for whom he was responsible, to alter information on 2 client account forms in respect of 12 clients by altering information 1 client, and sign the client’s initials on the account forms without having the clients initial the alterationsforms, contrary to MFDA Rule 2.1.1; and; b) between January 2009 and January 2016In February 2015, the Respondent obtained, possessed, and used to process transactionsused, 10 1 pre-signed account forms form in respect of 6 2 clients, contrary to MFDA Rule 2.1.1. 5. Staff and the Respondent agree and consent to the following terms of settlement: a) the The Respondent shall pay a fine in the amount of $14,500 7,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1.(bsection 24.1.1(b) of MFDA By- By-law No. 1; b) the 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 The Respondent shall in the future comply with MFDA Rule 2.1.1; and d) the 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 November 2009 and February 2013 and May 2016, the Respondent altered 14 Respondent, or her assistant for whom she was responsible, altered, and used to process transactions, 7 account forms in respect of 12 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 b) between January 2009 March 2010 and January February 2016, the Respondent obtained, possessed, and in at least 38 instances, used to process transactions, 10 44 pre-signed account forms in respect of 6 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 pay a fine in the amount of $14,500 in certified funds 15,000 upon acceptance of the this Settlement Agreement, pursuant to s. 24.1.1.(bsection 24.1.1(b) of MFDA By- By-law No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement2,500, pursuant to s. section 24.2 of MFDA By-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 on or about August 24, 2015, in response to a request from the Member that the Respondent obtain a new account form signed by a client to confirm that the client was aware of the fees and costs associated with a transaction, the Respondent photocopied a previously collected account form, altered the fees and costs disclosure section of the account form, and re-submitted it to the Member to process the transaction, contrary to MFDA Rule 2.1.1; b) on or about February 2013 and May 201624, 2015, the Respondent altered 14 an 1 account forms in respect of 12 clients form by altering information on the account forms form without having the clients client initial the alterationsalteration, contrary to MFDA Rule 2.1.1; and bc) between January 2009 and January 2016in or around July 2015, the Respondent obtained, possessed, obtained and used to process transactions, 10 possessed 4 pre-signed account forms in respect of 6 clients1 client, 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 $14,500 in certified funds upon acceptance of the Settlement Agreement, 10,000 pursuant to s. 24.1.1.(b24.1.1(b) of MFDA By- 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 on February 2013 and May 29, 2016, the Respondent altered 14 signed the signature of a client of an account forms in respect of 12 clients by altering information on form, and submitted the account forms without having form to the clients initial the alterationsMember for processing, contrary to MFDA Rule 2.1.1; and b) between January 2009 and January on March 3, 2016, during the course of the Member’s investigation, the Respondent obtained, possessed, and used falsely represented to process transactions, 10 pre-the Member that a client had signed an account forms in respect of 6 clientsform, 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 $14,500 9,500 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1.(b24.1.1(b) of MFDA By- 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 MFDA: a) between February 2013 and May 2016on December 3, 2015, the Respondent altered 14 signed the signature of 1 client on 1 account forms in respect of 12 clients by altering information on form and submitted the account forms without having form to the clients initial the alterationsMember for processing, contrary to MFDA Rule 2.1.1; and b) between January 2009 and January 2016on December 4, 2015, the Respondent obtained, possessed, falsely represented to his assistant branch manager that a client had attended at the branch and used to process transactions, 10 pre-signed an account forms in respect of 6 clientsform, 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 $14,500 in certified funds upon acceptance of the Settlement Agreement, 5,000 pursuant to s. 24.1.1.(bSection 24.1.1(b) of MFDA By- law Bylaw No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement2,500, 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 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 February 2013 December 2008 and May October 2016, the Respondent altered 14 16 account forms in respect of 12 14 clients by altering information on the account forms without having the clients initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2009 May 2010 and January 2016November 2015, the Respondent obtained, possessed, and used to process transactions, 10 4 pre-signed account forms in respect of 6 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 $14,500 15,000 in certified funds upon acceptance of the Settlement settlement Agreement, pursuant to s. 24.1.1.(b) of MFDA By- By-law No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement 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 February 2013 October 2014 and May 2016July 2018, the Respondent altered 14 and used to process transactions 20 account forms in respect of 12 17 clients by altering information on the account forms form without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2009 and January 2016in May 2014, the Respondent obtained, possessed, obtained and used to process transactions, 10 possessed 1 pre-signed account forms form in respect of 6 clients1 client, 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 $14,500 14,000 in certified funds upon acceptance of the Settlement Agreement, pursuant to s. 24.1.1.(bsection 24.1.1(b) of MFDA By- 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. section 24.2 of MFDA By-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 February 2013 2008 and May 2016March 2015, the Respondent altered 14 or used to process transactions, 162 account forms in respect of 12 clients by altering information on the account forms without having the clients initial obtaining client initials authorizing the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2009 February 2008 and January 2016March 2015, the Respondent obtained, possessed, and obtained or used to process transactions, 10 178 pre-signed account forms in respect of 6 clientsforms, 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 prohibited for a fine period of one year from conducting securities related business in any capacity while in the amount employ of $14,500 in certified funds upon acceptance or associated with any Member of the Settlement Agreement, MFDA pursuant to s. 24.1.1.(b24.1.1(e) of MFDA By- 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. 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. The prohibition described in subparagraph 5(a) does not extend to any non-registerable activities which the Respondent may engage in during the course of her present employment (see paragraph 11 below). 7. 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 MFDAthat: a) between February 2013 on or about September 8, 2011, she falsified and May 2016used to process a transaction, the Respondent altered 14 one client account forms form in respect of 12 clients relation to one client, by altering information on the client account forms form without having the clients client initial the alterationsalteration, contrary to MFDA Rule 2.1.1; and b) between January 2009 24, 2012 and January August 19, 2016, the Respondent she obtained, possessedpossessed and, and in three instances, used to process transactions, 10 9 pre-signed client account forms in respect of 6 relation to 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 be prohibited for three months from conducting securities related business in any capacity while in the amount employ of $14,500 in certified funds upon acceptance or associated with any Member of the Settlement AgreementMFDA, pursuant to s. 24.1.1.(b24.1.1(e) of MFDA By- By-law No. 1; b) the Respondent shall pay costs a fine in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement5,000, pursuant to s. 24.2 section 24.1.1(b) of MFDA By-law No. 1; c) the Respondent shall pay costs in the amount of $2,500, pursuant to section 24.2 of By-law No. 1; 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 MFDA: a) between February 2013 January 2006 and May 2016November 2014, the Respondent altered 14 altered, and used to process transactions, 5 account forms in respect of 12 5 clients by altering information on the account forms without having the clients client initial the alterations, contrary to MFDA Rule 2.1.1; and b) between January 2009 March 2006 and January 2016November 2015, the Respondent obtained, possessed, and in some instances, used to process transactions, 10 32 pre-signed account forms in respect of 6 16 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 $14,500 in certified funds 8,000 upon acceptance of the this Settlement Agreement, pursuant to s. 24.1.1.(bsection 24.1.1(b) of MFDA By- By-law No. 1; b) the Respondent shall pay costs in the amount of $2,500 in certified funds upon acceptance of the Settlement Agreement2,500, pursuant to s. section 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”.