IN THE MATTER OF James Jannetta - Discipline
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
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
For further information: Warren Funt, Vice President, Western Canada, (604) 331-4750, [email protected]; Jeff Kehoe, Director, Enforcement, (416) 943-6996, [email protected]
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