Ruling Disciplinary Committee | DSI 2007-06

DSI Disciplinary Committee ruling dated February 26, 2007.

The DSI Disciplinary Committee has ruled in a case against a Securities Trader who, when applying for registration with DSI, provided inaccurate information regarding the completion of asset management training. The defendant had indicated on the form that he had completed the training when this was not the case. Although the Respondent indicated that he had filled out the form to the best of his knowledge and belief and that he had already completed most of the training, the Committee ruled that, at a minimum, he should have stated that the training had not yet been fully completed. Failure to do so was judged to be careless and misleading.

Disciplinary Committee ruling

The Disciplinary Committee found the complaint to be substantially founded and imposed the measure of a reprimand on the defendant.

Articles DSI Code of Conduct applicable: 7.1.1, 7.1.2

Linkage to DSI Core Principles:

• Core principle 1: Take responsibility.
  The defendant had a responsibility to be complete and honest about his training status when submitting the registration request.
• Core principle 3: Act carefully
  Carefulness and transparency in providing information to DSI are essential for trust in the industry.
• Core principle 10: Act honestly
  Honesty about qualifications obtained is a fundamental requirement for integrity within the financial services industry.