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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE ACT SECURITIES PURSUANT HEREBY ADMITTING FINDINGS CONSENT BROKER-DEALER COMPLAINT ZAHAREAS UNITED STATES ADMINISTRATIVE PROCEEDING PROTECTION INVESTORS DENYING SANCTIONS DISTRICT MINNESOTA PERMANENT INJUNCTION ALLEGATIONS ENJOINING TUSCHNER VIOLATING NICHOLAS ORDER BARRING DEALER WRONGFUL ASSOCIATION GROSS COMMISSIONS SALES |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 42556 / March 21, 2000
ADMINISTRATIVE PROCEEDING
FILE NO. 3-10165
______________________________
ORDER INSTITUTING PROCEEDINGS,
In the Matter of MAKING FINDINGS AND IMPOSING
REMEDIAL SANCTIONS PURSUANT TO
TUSCHNER & COMPANY, INC., SECTIONS 15(b) and 19(h) OF THE
SECURITIES EXCHANGE ACT OF 1934
Respondent.
______________________________
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate in the public interest and for the protection of investors
that public administrative proceedings be instituted against Tuschner
& Company, Inc. ("Tuschner") pursuant to Sections 15(b) and 19(h) of
the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of these proceedings, Tuschner &
Company has submitted an Offer of Settlement ("Offer") 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 the Commission's findings contained herein,
except the Commission's findings set forth in Paragraphs III.A. and
B., which are admitted, Tuschner & Company consents to the entry of
this Order Instituting Proceedings, Making Findings and Imposing
Remedial Sanctions pursuant to Sections 15(b) and 19(h) of the
Exchange Act ("Order").
Accordingly, IT IS HEREBY ORDERED that proceedings pursuant to
Sections 15(b) and 19(h) of the Exchange Act be and hereby are
instituted.
III.
On the basis of this Order and Tuschner & Company's Offer, the
SNIPPETS:
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