Litigation Release No.15447/August 18, 1997
SECURITIES AND EXCHANGE COMMISSION V. TANDEM MANAGEMENT INC., WILLIAM
F.
BRANSTON, EUGENE B. DEVENEY, AND PETER S. ALSOP, 95 Civ. 8411 (JGK)
(S.D.N.Y.)
The Securities and Exchange Commission announced that on August
14,
1997, the Honorable John G. Koeltl, United States District Judge for
the
Southern District of New York, entered a Final Judgment against one of
the
defendants, Peter S. Alsop ("Alsop"). From November 1991 until
approximately mid-1993, Alsop was Vice President of Tandem Management
Inc.
("Tandem"), a registered investment adviser. The Commission's
complaint
alleged, among other things, that defendant Alsop aided and abetted
in
misappropriating soft dollars, providing materially false and
misleading
information concerning performance, failing to disclose Tandem's
precarious
financial condition, and violating books and records requirements.
The Final Judgment permanently enjoined defendant Alsop from
violating
Sections 204, 206(1), (2), and (4) of the Investment Advisers Act of
1940
and Rules 204-2, 206(4)-1, and 206(4)-4 thereunder. The Final
Judgment
also orders payment of $68,200 in disgorgement plus prejudgment
interest
and notes the appropriateness of a civil penalty but waive payment of
disgorgement, prejudgment interest, and penalties based upon the
defendant's demonstrated inability to pay.
Defendant Alsop consented to the entry of the Final Judgment
without
SNIPPETS:
Litigation Release No.15447/August 18, 1997
The Securities and Exchange Commission announced that on August
1997, the Honorable John G. Koeltl, United States District Judge for the Southern District of
From November 1991 until approximately mid-1993, Alsop was Vice President of Tandem
The Commission's complaint alleged, among other things, that defendant Alsop aided and
The Final Judgment permanently enjoined defendant Alsop from violating Sections 204, 206,,
and Rules 204-2, 206-1, and 206-4 thereunder.
The Final Judgment also orders payment of $68,200 in disgorgement plus prejudgment interest
Defendant Alsop consented to the entry of the Final Judgment without admitting or denying the
Alsop also simultaneously consented to the entry of the order by the Commission barring him
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