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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE ACT MASUCCI PROCEEDING PURSUANT SETTLEMENT SANCTIONS ADMITTING FINDINGS FLORIDA OFFICES BROKER-DEALER POWER SECURITIES CORPORATION DISTRICT FRAUDULENT PENNY STOCKS DEALER INVESTMENT REPEATED FRAUDULENT DIRECTING REPRESENTATIVES FRAUDULENT MISREPRESENTATIONS OMISSIONS CONNECTION SALE CUSTOMERS FOREGOING IMPOSE INVESTMENT COMPANY INVESTMENT ADVISER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 40965 / January 22, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9816
: ORDER INSTITUTING A PUBLIC
In the Matter of : PROCEEDING PURSUANT TO SECTIONS
: 15(b)(6) AND 19(h) OF THE
SECURITIES
: EXCHANGE ACT OF 1934, MAKING
William Masucci, : FINDINGS AND IMPOSING REMEDIAL
SANCTIONS
:
I.
The Securities and Exchange Commission ("Commission") deems
it appropriate and in the public interest that a proceeding be
instituted pursuant to Sections 15(b)(6) and 19(h) of the
Securities Exchange Act of 1934 ("Exchange Act") with respect to
William Masucci, ("Masucci").
In anticipation of the institution of these proceedings,
Masucci has submitted to the Commission an Offer of Settlement
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 findings of fact or
conclusions of law, except those contained in paragraphs III.A.
and B. below, which are admitted, Masucci consents to the entry
of this Order Instituting a Public Proceeding, Making Findings
and Imposing Remedial Sanctions ("Order").
II.
Accordingly, IT IS ORDERED that a proceeding pursuant to
Sections 15(b)(6) and 19(h) of the Exchange Act is hereby
instituted.
III.
On the basis of this Order and the Offer of Settlement
SNIPPETS:
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