MFDA Hearing Panel issues Reasons for Decision in the matter of Glen Kirkwood

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shall pay a fine in the amount of $7,500 ("Fine")

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has paid costs in the amount of $2,500 ("Costs");

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payment of the Fine and Costs shall be made to and received in certified funds as follows:

i.

$2,500 (Costs) upon acceptance of the Settlement Agreement by the Hearing Panel;

ii.

$2,500 on or before the last business day of the first month following the date of Settlement Agreement;

iii.

$2,500 on or before the last business day of the second month following the date of Settlement Agreement;

iv.

$2,500 on or before the last business day of the third month following the date of Settlement Agreement;

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if he fails to make any of the payments described above then:

i.

any outstanding balance of the Fine owed shall become immediately due and payable to the MFDA; and

ii.

he shall be suspended from conducting securities related business while in the employ of or associated with a Member of the MFDA until such time as the total amount outstanding of the Fine owed is paid to the MFDA; and

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shall in the future comply with MFDA Rules 2.1.1.

between October 2010 and December 2015, he obtained, possessed, and in some instances, used to process transactions, 15 pre-signed account forms in respect of 11 clients, contrary to MFDA Rule 2.1.1; and

b)

in April 2013 and in May 2015, he altered two account forms in respect of one client by altering information on the account forms without having the client initial the alterations, contrary to MFDA Rule 2.1.1.