IN THE MATTER OF James Jannetta - Discipline

VANCOUVER, Dec. 21 /CNW/ - Notice is hereby given that a hearing will be held before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), on Wednesday, January 27, 2010 at the Delta Winnipeg, located at 350, St Mary Avenue, Winnipeg, Manitoba, at 10:00 am or as soon thereafter as possible, to hear evidence and submissions in the matter of James Jannetta (the "Respondent").

The hearing concerns matters for which the Respondent may be disciplined as a Regulated Person of IIROC, pursuant to Part 10 of IIROC Dealer Member Rule 20.

The hearing concerns allegations that the Respondent:

    
    (a)  During the period January to October 2006, the Respondent, a
         Registered Representative with MF Global Canada Co. (formerly Man
         Financial Canada Co.), a Member of the IDA, engaged in discretionary
         trading in the client account of R.A., without the client's prior
         written authorization, without proper approval to effect trades for
         clients in discretionary accounts, and without the client accounts
         having been accepted and approved in writing as discretionary
         accounts by the Member firm, contrary to IDA Regulation 1300.4 and
         1300.5;

    (b)  During the period May 2005 to October 2006, the Respondent, a
         Registered Representative with MF Global Canada Co. (formerly Man
         Financial Canada Co.), a Member of the IDA, failed to accurately
         record and/or update the client investment objectives and risk
         tolerance relating to the client account of R.A., contrary to IDA
         Regulation 1300.1(a);

    (c)  In and around March 2006, the Respondent, a Registered
         Representative with MF Global Canada Co. (formerly Man Financial
         Canada Co.), a Member of the IDA, engaged in conduct unbecoming a
         registrant in that he arranged for the client R.A. to take a
         monetary loss with a promise for future compensation arising from
         the Respondent's trading error, contrary to IDA Bylaw 29.1;

    (d)  During the period January to October 2006, the Respondent, a
         Registered Representative with MF Global Canada Co. (formerly Man
         Financial Canada Co.), a Member of the IDA, engaged in discretionary
         trading in the client account of A.D., without the client's prior
         written authorization, without proper approval to effect trades for
         clients in discretionary accounts, and without the client accounts
         having been accepted and approved in writing as discretionary
         accounts by the Member firm, contrary to IDA Regulation 1300.4 and
         1300.5;

    (e)  During the period August 2006 to October 2006, the Respondent, a
         Registered Representative with MF Global Canada Co. (formerly Man
         Financial Canada Co.), a Member of the IDA, failed to accurately
         record and/or update the client investment objectives and risk
         tolerance relating to the client account of A.D., contrary to IDA
         Regulation 1300.1(a);

    (f)  During the period January to March 2006 and October 2006, the
         Respondent, a Registered Representative with MF Global Canada Co.
         (formerly Man Financial Canada Co.), a Member of the IDA, engaged in
         discretionary trading in the client accounts of S.L., without proper
         approval to effect trades for clients in discretionary accounts, and
         without the client accounts having been accepted and approved in
         writing as discretionary accounts by the Member firm, contrary to
         IDA Regulation 1300.4 and 1300.5;

    (g)  During the period March, September, and October, 2006, the
         Respondent, a Registered Representative with MF Global Canada Co.
         (formerly Man Financial Canada Co.), a Member of the IDA, engaged in
         discretionary trading in the client account of A.P., without proper
         approval to effect trades for clients in discretionary accounts, and
         without the client accounts having been accepted and approved in
         writing as discretionary accounts by the Member firm, contrary to
         IDA Regulation 1300.4 and 1300.5;

    (h)  During the period January to March 2006 and October 2006, the
         Respondent, a Registered Representative with MF Global Canada Co.
         (formerly Man Financial Canada Co.), a Member of the IDA, failed to
         maintain required minimum records in relation to the J.M. account,
         in that he did not obtain a written authorization allowing for the
         receipt of trade instructions from a third party, contrary to
         Regulation 200.1(i)(c).

    (i)  In and around October 2006, the Respondent, a Registered
         Representative with MF Global Canada Co. (formerly Man Financial
         Canada Co.), a Member of the IDA, engaged in unauthorized trading in
         the client account of J.P., in that he affected one (1) trade in the
         J.P. account without the client's prior instructions, contrary to
         Bylaw 29.1.

    (j)  In and around October 2006, the Respondent, a Registered
         Representative with MF Global Canada Co. (formerly Man Financial
         Canada Co.), a Member of the IDA, engaged in unauthorized trading in
         the client account of K.P., in that he affected two (2) trades in
         the K.P. account without the client's prior instructions, contrary
         to Bylaw 29.1.
    

The IDA formally initiated the investigation into the Respondent's conduct on March 22, 2007. The violations occurred when the Respondent was a Registered Representative with the Winnipeg, Manitoba Branch of Man Financial Inc. The Respondent is no longer registered with an IIROC-regulated firm.

The Notice of Hearing is available at www.iiroc.ca. The hearing is open to the public, unless the Hearing Panel orders otherwise. The Hearing Panel's decision and reasons will be made available to the public.

IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information: For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, wfunt@iiroc.ca; Jeff Kehoe, Director, Enforcement, (416) 943-6996, jkehoe@iiroc.ca


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890