UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 44413 / June 13, 2001
ADMINISTRATIVE PROCEEDING
File No. 3-10505
_________________________________________________________________
In the Matter of
JPR CAPITAL CORP.,
PAUL UMANSKY, CHARLES
HAMPTON and JEFFREY WOLF,
Respondents.
_________________________________________________________________
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE AND CEASE-AND-
DESIST PROCEEDINGS PURSUANT
TO SECTIONS 15(b) AND 21C OF THE
SECURITIES EXCHANGE ACT OF
1934, MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative and
cease-and-desist proceedings be instituted against JPR Capital Corp.
("JPR Capital" or "the firm"), Paul Umansky. ("Umansky"), Charles
Hampton ("Hampton") and Jeffrey Wolf ("Wolf") pursuant to Sections
15(b) and 21C of the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of these proceedings, JPR Capital,
Umansky, Hampton and Wolf have submitted Offers of Settlement (the
"Offers"), which the Commission has determined to accept. Solely for
the purpose of these proceedings and any other proceedings brought by
or on behalf of the Commission, or to which the Commission is a party,
and without admitting or denying any of the findings contained herein,
except as to the jurisdiction of the Commission over them and over the
subject matter of these proceedings, which are admitted, JPR Capital,
Umansky, Hampton and Wolf consent to the entry of this Order
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
HAMPTON and JEFFREY WOLF,
ORDER INSTITUTING PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS PURSUANT
SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS
The Securities and Exchange Commission deems it appropriate and in the public interest that
and Jeffrey Wolf pursuant to Sections 15and 21C of the Securities Exchange Act of 1934.
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
ursuant to Sections 15and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing
On the basis of this Order and the Offers submitted by Respondents JPR Capital, Umansky,
At all relevant times, JPR Capital introduced all of its accounts to its clearing firm,
Umansky is also registered with the NASD as a general securities principal and a general
Charles Hampton, age 35, resides in Melville, New York.
As described below, between November 1997 and March 2000, JPR Capital violated Section 7of
JPR Capital also violated Rule 10b-16 under the Exchange Act by failing to provide its
Umansky and Hampton aided and abetted and caused the violations of the federal securities
Sections 7and 7of the Exchange Act prohibit brokers or dealers, or their associated persons,
Reserve Board.
In some instances, JPR Capital failed to have those customers sign the LOA forms, in
Customers that received loans from the registered representatives' accounts paid interest on
JPR Capital shall, within 30 days of the entry of this Order, pay a civil money penalty in
Such payment shall be made by United States postal money order, certified check, bank
cover letter and money order or check shall be sent to Glenn S. Gordon, Assistant Regional
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