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Forgery Costs Advisor $2,500 Fine

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A settlement hearing in the matter of Jade Truman Kaiser Mason was held today in Halifax, Nova Scotia before a hearing panel of the MFDA’s Atlantic Regional Council.

The hearing panel accepted the settlement agreement between the respondent and MFDA staff, as a consequence of which the respondent has:

(a) received a 6-month prohibition from conducting securities related business;
(b) paid a $2,500 fine; and
(c) paid costs of $2,500.

In the settlement agreement, the respondent admitted that between October 12, 2006 and February 15, 2010 he failed to observe high standards of ethics and conduct in the transaction of business contrary to MFDA Rule 2.1.1 by:

(i) falsifying at least five client signatures on at least 10 client account documents; and
(ii) falsely signing as a witness to three client signatures on four client account documents where he also falsified client signatures on the documents.

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