UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15428 / August 4, 1997
Securities and Exchange Commission v. Atlantic Capital Corporation,
Wall
Street Marketing, Inc., Pullman Publications, Inc., Stephen DeCesare,
Mark
Missler, Patrick Kephart, Howard Jenkins, Scott Mijares, Robert
Thomas
Beatty, Vincent St. Clair Beatty, Michael Cardascia, David Scott
Rossman,
Adrian Wilson, Timothy B. Daley, and David M. Connochie (M.D. Fla.) 96
Civ.
The Commission announced today that three stockbrokers,
previously
charged with receiving kickbacks in exchange for selling certain
securities
to their clients, have settled the charges against them. On September
27,
1996, the Commission filed a Complaint in U.S. District Court for the
Middle District of Florida alleging that a group of stock promoters
engaged
in an 18-month fraudulent scheme in which they paid $477,580 in bribes
to
seven stockbrokers to induce them to retail securities to the public.
The
Complaint alleges that the promoters netted approximately $2.6 million
from
the scheme.
The settling stock brokers are:
Robert Thomas Beatty ("Robert Beatty"), age 55, of Hollywood,
Florida,
who was employed by First New England Securities Corp. in
Deerfield
Beach, Florida during the relevant period;
Vincent St. Clair Beatty ("Vincent Beatty"), age 34, of
Parkland,
SNIPPETS:
Securities and Exchange Commission v. Atlantic Capital Corporation,
Missler, Patrick Kephart, Howard Jenkins, Scott Mijares, Robert Thomas
Beatty, Vincent St. Clair Beatty, Michael Cardascia, David Scott Rossman, Adrian Wilson,
The Commission announced today that three stockbrokers, previously charged with receiving
1996, the Commission filed a Complaint in U.S. District Court for the Middle District of
Complaint alleges that the promoters netted approximately $2.6 million from the scheme.
Robert Thomas Beatty, age 55, of Hollywood, Florida, who was employed by First New England
Vincent St. Clair Beatty, age 34, of Parkland, Florida, who was employed by First New England
David Scott Rossman, age 38, of Castlerock, Colorado, who was employed by Kemper Securities
Robert Beatty's disgorgement of the bribes he received was waived, and a civil penalty not
Robert Beatty also consented to the issuance of an Order by the Commission barring him from
Vincent Beatty also consented, without admitting or denying the allegations in the Complaint,
Vincent Beatty's disgorgement of the bribes he received was waived, and a civil penalty not
Scott Mijares, age 36, of Winter Park, Florida, an employee of and/or consultant to Atlantic;
|
