MFDA Hearing Panel accepts Settlement Agreement with Chad Peters

TORONTO, March 19, 2012 /CNW/ - A Settlement Hearing in the matter of Chad Mackenzie Peters (the "Respondent") was held today in Toronto, Ontario before a Hearing Panel of the MFDA's Central Regional Council.

The Hearing Panel accepted the Settlement Agreement between the Respondent and MFDA Staff, as a consequence of which the Respondent has paid costs in the amount of $1,000 and has been prohibited from conducting securities related business in any capacity while in the employ of, or in association with, any MFDA Member for a period of two years.

In the Settlement Agreement, the Respondent admitted that:

i)	on or about December 22, 2010, he completed parts of an account opening document for client EG and falsified the signature of client EG on the document, contrary to MFDA Rule 2.1.1; and
ii)	on or about December 23, 2010, he interfered with the ability of the Member to conduct a reasonable supervisory investigation of his conduct by providing a false response to the Member in the course of its investigation, before admitting to the falsification, contrary to MFDA Rules 1.1.2, 2.5.1, and MFDA Rule 2.1.1.

The Hearing Panel advised that it will issue written reasons for its decision in due course. A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca.

The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its 124 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

Shaun Devlin
Vice-President, Enforcement
416-943-4672 or [email protected]