 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE PROCEEDING
|
EXTRACTED KEY WORDS
SECURITIES INVESTMENT ORDER ALLEGES STATE SECURITIES EXCHANGE COMMISSION ACT CEASE-AND-DESIST PROCEEDINGS MADISON COUNTY ALABAMA CLIENTS INVESTMENT ADVISERS INSTITUTING CLYDE WAYNE GREGORY ACCORDING VIOLATIONS LAWS INDICTMENT THEFT COURT GREGORY PLED GUILTY CIRCUIT COURT CONSISTING STATE SECURITIES FRAUD COURT SENTENCED GREGORY JAIL CONVICTION ADMINISTRATIVE LAW JUDGE ALLEGATIONS SANCTIONS |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7873 / July 18, 2000
SECURITIES EXCHANGE ACT OF 1934
Release No. 43045 / July 18, 2000
INVESTMENT ADVISERS ACT OF 1940
Release No. 1886 / July 18, 2000
ADMIINISTRATIVE PROCEEDING FILE NO. 3-10252
ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS INSTITUTED AGAINST
CLYDE WAYNE GREGORY
The Securities and Exchange Commission ("Commission") announced today
that it issued an order instituting public administrative and
cease-and-desist proceedings ("Order") against Clyde Wayne Gregory, a
resident of Madison, Alabama ("Gregory"). According to the Order,
Gregory formerly was a registered representative associated with a
registered broker-dealer, and an investment adviser.
The Order alleges that, from at least 1995 until at least his arrest
in December of 1997, Gregory violated several antifraud provisions of
the federal securities laws. Among other things, the Order alleges
that Gregory willfully misappropriated client investment funds,
misrepresented and omitted material facts to clients, and delivered
false or misleading documents to clients. In addition, the Order
alleges that, in July of 1998, a Madison County, Alabama grand jury
named Gregory in a ninety-two count indictment charging Gregory with
state securities violations and the theft of over $4 million in
securities and insurance investments. According to the Order, in June
of 1999, Gregory pled guilty in the circuit court of Madison County,
Alabama to thirty-five counts of the indictment, consisting of thirty
counts of theft and five counts of state securities fraud. The Order
further alleges that, in July of 1999, the court sentenced Gregory to
thirty years in jail as a result of his conviction.
A hearing will be held before an administrative law judge to determine
whether the staff's allegations against Gregory are true, and if so,
what sanctions, if any, are appropriate in the public interest against
him.
_________________________________________________________________
Modified 07/19/2000
SNIPPETS:
|
|
|
| | | |
|
|
