JOINT SETTLEMENT Sample Clauses

JOINT SETTLEMENT. RECOMMENDATION 2. Staff conducted an investigation of the Respondent’s activities. The investigation disclosed that the Respondent had engaged in activity for which the Respondent could be penalized on the exercise of the discretion of the Hearing Panel pursuant to s. 24.1 of By- law No.1. 3. Staff and the Respondent recommend settlement of the matters disclosed by the investigation in accordance with the terms and conditions set out below. The Respondent agrees to the settlement on the basis of the facts set out in Part IV herein and consents to the making of an Order in the form attached as Schedule “A”. 4. Staff and the Respondent agree that the terms of this Settlement Agreement, including the attached Schedule “A”, will be released to the public only if and when the Settlement Agreement is accepted by the Hearing Panel.

JOINT SETTLEMENT. RECOMMENDATION 2. Staff agree to recommend settlement of the proceeding against ▇▇▇▇▇▇▇▇▇ in accordance with the terms and conditions set out below. ▇▇▇▇▇▇▇▇▇ consents to the making of an order against him in the form attached as Schedule "A" based on the facts set out in Part III of this Settlement Agreement.

JOINT SETTLEMENT. RECOMMENDATION 4. Staff and the Respondent jointly recommend that the Hearing Panel accept this Settlement Agreement. 5. The Respondent admits to the following contravention of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: From May to November 2010, the Respondent as Branch Manager failed to adequately supervise a Registered Representative and the accounts of a client, contrary to IIROC Dealer Member Rules 1300.2 and 2500. 6. Staff and the Respondent agree to the following terms of settlement: (a) A fine of $30,000; and

JOINT SETTLEMENT. RECOMMENDATION 4. Staff and the Respondents jointly recommend that the Hearing Panel accept this Settlement Agreement. 5. The Respondents admit to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: ▇▇▇▇▇▇▇▇▇▇: a) Between December 2010 and January 2011, ▇▇▇▇▇▇▇▇▇▇, as registered representative, failed in his role as gatekeeper to the capital markets in that he failed to ask any or sufficient questions surrounding the transfer of certain securities amongst his clients, thereby acting contrary to IIROC Dealer Member Rule 29.1. ▇▇▇▇▇▇▇: b) Between December 2010 and January 2011, ▇▇▇▇▇▇▇, as branch manager and supervisor of ▇▇▇▇▇▇▇▇▇▇, failed in his role as gatekeeper to the capital markets in that he failed to ask any or sufficient questions of ▇▇▇▇▇▇▇▇▇▇ surrounding the transfer of certain securities amongst ▇▇▇▇▇▇▇▇▇▇’▇ clients, thereby acting contrary to IIROC Dealer Member Rule 29.1. 6. Staff and the Respondents agree to the following terms of settlement: ▇▇▇▇▇▇▇▇▇▇: a) a $20,000 fine; and b) a 30 day suspension in all registration capacities. ▇▇▇▇▇▇▇: a) a $20,000 fine. 7. The Respondents agree to pay costs to IIROC as follows: ▇▇▇▇▇▇▇▇▇▇: a) the sum of $5,000. ▇▇▇▇▇▇▇: a) the sum of $5,000.

JOINT SETTLEMENT. RECOMMENDATION 2. Staff of the Commission ("Staff”) agree to recommend settlement of the proceeding commenced by Notice of Hearing (the "Proceeding") against NSFC and NSFII according to the terms and conditions set out in Part VI of this settlement agreement (the "Settlement Agreement"). NSFC and NSFII agree to the making of an order in substantially the same form attached as Schedule "A" based on the facts set out below.

JOINT SETTLEMENT. RECOMMENDATION 2. Staff of the Commission ("Staff”) agree to recommend settlement of the proceeding commenced by Notice of Hearing dated March 28, 2013 (the "Proceeding"), against Ovenden and NSCI according to the terms and conditions set out in Part V of this settlement agreement (the "Settlement Agreement"). ▇▇▇▇▇▇▇ and NSCI agree to the making of an order in substantially the same form attached as Schedule "A" based on the facts set out below.

JOINT SETTLEMENT. RECOMMENDATION 4. Staff and ▇▇▇▇▇ jointly recommend that the Hearing Panel accept this Settlement Agreement. 5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules, Guidelines, Regulations or Policies: In September 2010, ▇▇▇▇▇▇▇ ▇▇▇▇▇ forged client signatures on various account documentation for three clients, thereby engaging in conduct unbecoming or detrimental to the public interest, contrary to IIROC Dealer Member Rule 29.1. 6. Staff and ▇▇▇▇▇ agree to the following terms of settlement: a) A fine in the amount of $15,000; b) A suspension from registration with IIROC in any capacity for a period of 2 months; and c) To re-write the CPH examination within 6 months upon any return to the industry. 7. ▇▇▇▇▇ also agrees to pay costs to IIROC in the sum of $1,000.

JOINT SETTLEMENT. RECOMMENDATION 4. Staff and the Respondent jointly recommend that the Hearing Panel accept this Settlement Agreement. 5. The Respondent admits to the following contraventions of IIROC Dealer Member Rules: a) Between January 2014 and February 2015, ▇▇▇▇▇▇▇ engaged in outside business activities, without disclosure to or approval from his Dealer Member firm, contrary to Dealer Member Rule 18.14. b) ▇▇▇▇▇▇▇ accepted remuneration from persons other than his Dealer Member firm in regards to securities-related activities that he performed for those persons in 2014, contrary to IIROC Dealer Member Rule 18.15. 6. Staff and the Respondent agree to the following terms of settlement: a) A global fine of $25,000; and b) The Respondent must successfully complete the Chief Compliance Officer’s Qualifying Examination by January 31, 2017. 7. The Respondent agrees to pay costs to IIROC in the sum of $2,500.

JOINT SETTLEMENT. RECOMMENDATION 6. Staff and the Respondent jointly recommend that the Hearing Panel accept the Settlement Agreement; 7. The Respondent admits to the following contravention of the IIROC Rules and Guidelines: a) Between 2004 and 2009, the Respondent, while a branch manager at Canaccord Capital Corporation, did not use due diligence and failed to fulfill his supervision duties adequately relative to the trades effected by representatives A and B, contrary to Dealer Member Rule 2500 [▇▇▇ Policy 2 prior to June 1, 2008], to Dealer Member Rule 1300.2 [▇▇▇ Regulation 1300.2 prior to June 1, 2008] and to Dealer Member Rule 29.1 [▇▇▇ By-Law 29.1 prior to June 1, 2008]. 8. Staff and the Respondent have accepted the following terms of settlement: a) a $40,000 fine;