Settlement Agreement Approved for Mutual Fund Salesperson

The Nova Scotia Securities Commission has approved a settlement agreement with a mutual fund salesperson.

John George Frederick Campbell admitted he violated Nova Scotia securities laws by falsifying a client's document and by keeping a blank signed letter of authorization on file. His actions undermined investor confidence in the fairness and efficiency of capital markets. At the time, Mr. Campbell was a mutual fund salesperson with BMO Nesbitt Burns Inc.

Mr. Campbell accepted responsibility for his conduct and was co-operative with commission staff. He also took voluntary actions in order to be accountable for his wrong doings. The commission approved the settlement agreement and ordered Mr. Campbell to:

• comply with Nova Scotia securities laws
• pay an administrative penalty of $7,500
• pay costs in connection with the commission proceedings of $5,000.

The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province. To view the order visit www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp .