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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
CUSTOMER COMPLIANCE COMMISSION LEE SECURITIES ACCOUNT EXCHANGE THIRD-PARTY BRANCH OFFICE FUNDS TRANSFERS ACT CONFIRMATION ADMINISTRATIVE PROCEEDINGS REPRESENTING EMPLOYEES VIOLATIONS RESPONDENT FINDINGS JENKINTOWN BRANCH OFFICE HAND-DELIVERY WIRE TRANSFERS SUPERVISORY POLICIES COMPLIANCE MANAGERS DELIVERY INADEQUATE UNDERTAKINGS MONEY ORDER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 43054 \ July 19, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-9122
_________________________________________________________________
In the Matter of
FAHNESTOCK & CO., INC.
and
WILLIAM E. BIERLIN, JR.,
Respondents.
_________________________________________________________________
ORDER MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
AND CEASE-AND-DESIST ORDER AS
TO FAHNESTOCK & CO., INC.
I.
On September 30, 1996, the Securities and Exchange Commission
instituted public administrative proceedings pursuant to Sections
15(b), 19(h) and 21C of the Securities Exchange Act of 1934 against
William E. Bierlin, Jr. and Fahnestock & Co., Inc ("Fahnestock").
In response to the institution of these administrative proceedings,
Fahnestock has submitted an Offer of Settlement, which the Commission
has determined to accept. Solely for the purposes of these proceedings
and any other proceedings brought by or on behalf of the Commission,
or in which the Commission is a party, and without admitting or
denying the findings contained herein, except as to the jurisdiction
of the Commission over him and the subject matter of the proceedings,
which are admitted, Respondent Fahnestock consents to the issuance of
this Order Making Findings and Imposing Remedial Sanctions And
Cease-And-Desist Order.
II.
On the basis of this Order and the Offer submitted by Fahnestock, the
Commission makes the following findings
SNIPPETS:
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