TORONTO, April 3 /CNW/ - The Mutual Fund Dealers Association of Canada
("MFDA") today announced that it has commenced disciplinary proceedings
against William Todd Gillick (the "Respondent").
MFDA staff alleges in its Notice of Hearing that Mr. Gillick engaged in
the following conduct contrary to the By-laws, Rules or Policies of the MFDA:
Allegation No.1: On or about April 30, 2007, the Respondent falsified the
signatures of clients JP and MP on seven estate documents without the
knowledge of the clients, contrary to MFDA Rule 2.1.1.
Allegation No.2: On or about April 30, 2007, the Respondent created and
placed in the Member's file a false record of a meeting with clients JP
and MP on April 30, 2007 which never occurred, contrary to MFDA
Allegation No.3: On or about October 2, 2007, the Respondent falsely
swore affidavits of execution of the wills of clients JP and MP, contrary
to MFDA Rule 2.1.1.
Allegation No.4: In or about early June 2007 to June 15, 2007, the
Respondent misled the Member by providing a false response in the
Member's 2007 Annual Consultant Certificate, contrary to MFDA
Rules 1.1.2, 2.5.1 and 2.1.1.
The first appearance in this matter will take place by teleconference
before a Hearing Panel of the MFDA's Central Regional Council in the Hearing
Room located at the offices of the MFDA, 121 King Street West, Suite 1000,
Toronto, Ontario, on June 11, 2009 at 10:00 a.m. (Eastern) or as soon
thereafter as the appearance can be held.
The purpose of the first appearance is to schedule the date for the
commencement of the hearing of this matter on its merits and to address any
other procedural matters.
The first appearance is open to the public, except as may be required for
the protection of confidential matters. Members of the public attending the
first appearance will be able to listen to the proceeding by teleconference.
A copy of the Notice of Hearing is available on the MFDA website at
The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business conduct
of its 150 Members and their approximately 75,000 Approved Persons with a
mandate to protect investors and the public interest.
For further information:
For further information: Shaun Devlin, Vice-President, Enforcement,
(416) 943-4672 or email@example.com