Scott Douglas Martis (CRD #1397512, Registered Representative, Charlotte, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any NASD member in any capacity for 10 business days. In light of Martis’ financial status, no monetary sanctions have been imposed. Without admitting or denying the findings, Martis consented to the described sanction and to the entry of findings that he exercised discretion in a public customer’s accounts without the customer’s prior written authorization and his member firm’s acceptance of the accounts as discretionary (in writing or otherwise).
The suspension in any capacity is in effect from January 16, 2007, through January 29, 2007. (NASD Case #2005002502001)

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