Running discussion on SP, page-23242

The man organising that coup was Kidman managing director Martin Donohue. He was appointed in October after having been hired as an executive director in June. He was introduced to his shareholders as a man with 15 years’ experience in equity capital markets and a director of several private and public company with metals projects in Australia and sub-Saharan Africa.

Not surprisingly, I suppose, no mention was made of the fact that on Monday October 6, 2003, Martin James Donohue of Brighton was permanently banned from acting as a broker by the Australian Securities and Investments Commission.


https://www.theage.com.au/national/asic-bans-broker-for-life-20031007-gdwhrk.html

ASIC bans broker for life

A former Shaw Stockbroking share dealer has been barred for life from the financial services industry.

The Australian Securities and Investments Commission banned Martin James Donohue, 32, of Brighton, after an investigation revealed he conducted unauthorised trades on an account he opened for his mother, and then forged his stepmother's signature to use $120,000 worth of shares as collateral against losses on his mother's account.

Mr Donohue, then a stockbroker with Shaw Stockbroking, opened a trading account without his mother's knowledge in December 2000 and actively traded shares and options.

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Between May and June 2002, Shaw Stockbroking told Mr Donohue there were insufficient funds in the account to cover exposure from options trading. He then forged his stepmother's signature to allow shares in a legitimate account with Shaw Stockbroking to be used as collateral.

Shaw Stockbroking sacked Mr Donohue in September 2002.