IN THE MATTER OF David Harry Martin - Settlement
The subject matter of the proposed Settlement Agreement concerns allegations that:
(1) During January 2007, the Respondent failed to observe high standards of ethics and conduct in the transaction of his business and engaged in conduct unbecoming a registrant and/or detrimental to the public interest by failing to give twenty five (25) of his clients priority when entering trades for himself and his clients in P. Ltd. and M. Corp., contrary to IDA By-law 29.1; (2) During January 2007, the Respondent failed to observe high standards of ethics and conduct in the transaction of his business and engaged in conduct unbecoming a registrant and/or detrimental to the public interest when, after making an error, the Respondent allocated losses to twenty five (25) of his clients, contrary to IDA By-law 29.1; (3) Between January 10 and 26, 2007, the Respondent effected four (4) discretionary transactions in the account of S.H., without the prior written authorization of S.H., and without the S.H. account being specifically approved and accepted in writing as a discretionary account, contrary to IDA Regulation 1300.4; (4) Between January 15 and 31, 2007, the Respondent effected four (4) discretionary transactions in the account of T.P., without the prior written authorization of T.P., and without the T.P. account being specifically approved and accepted in writing as a discretionary account, contrary to IDA Regulation 1300.4; (5) Between January 10 and February 6, 2007, the Respondent effected seven (7) discretionary transactions in the account of P.S., without the prior written authorization of P.S., and without the P.S. account being specifically approved and accepted in writing as a discretionary account, contrary to IDA Regulation 1300.4; (6) Between July 29, 2004 and April 13, 2007, the Respondent failed to exercise due diligence to learn and remain informed of the essential facts relative to his client, P.S., contrary to IDA Regulation 1300.1(a); (7) Between January and February 2007, the Respondent failed to observe high standards of ethics and conduct in the transaction of his business and engaged in conduct unbecoming a registrant and/or detrimental to the public interest by effecting five (5) trades in the account of L.L. on the instructions of a third party without a duly executed trading authorization, contrary to IDA By-law 29.1; (8) During February and/or March 2006, the Respondent engaged in outside business activity, by providing consulting services to T. Ltd., without disclosing the activity to his Member firm employer, conduct of which is unbecoming a registrant and/or detrimental to the public interest, contrary to IDA By-law 29.1.
The IDA formally initiated the investigation into the Respondent's conduct on
The hearing is not open to the public unless and until the Settlement Agreement has been accepted by the Hearing Panel. If the Hearing Panel accepts the Settlement Agreement, 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
For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, [email protected]; Jeff Kehoe, Director, Enforcement Litigation, (416) 943-6996, [email protected]
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