ADMINISTRATIVE PROCEEDING v ALLEGHENY FINANCIAL PROGRAMS


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Keywords & Phrases

CaseNo: 34-40948, Defendant: ALLEGHENY FINANCIAL PROGRAMS, Plaintiff: ADMINISTRATIVE PROCEEDING, UniqueCaseRef: SEC>34-40948, Respondents, Commission, Exchange Act, Securities, Proceeding, Pursuant, Findings, Form Bd-y2k, Nasd, Administrative Proceeding, Settlement, Violations, Thereunder, Money Order, United States, Remedial Sanctions, Cease, Broker-dealers, Foregoing, Committing, Causing, Bank, Order Making, Imposing, Ordering Respondents, Admitting, Entry, Dealer, Dea , ContentID: 120244540

Case Documents

1999-01-14

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111274

3 pages
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Total Documents: 1 document , 3 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

COMMISSION
EXCHANGE ACT
SECURITIES
PROCEEDING
PURSUANT
FINDINGS
FORM BD-Y2K
NASD
ADMINISTRATIVE PROCEEDING
SETTLEMENT
VIOLATIONS
THEREUNDER
MONEY ORDER
UNITED STATES
REMEDIAL SANCTIONS
CEASE
BROKER-DEALERS
FOREGOING
COMMITTING
CAUSING
BUSINESS
BANK
ORDER MAKING
IMPOSING
ORDERING RESPONDENTS
ADMITTING
ENTRY
DEALER
DEA

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 40948 / January 14, 1999

   ADMINISTRATIVE PROCEEDING
   File No. 3-9759

   In the Matter of

   Allegheny Financial Programs,
   Inc., and Atlantic-Pacific
   Capital, Inc.
   Respondents.
   ORDER MAKING
   FINDINGS, IMPOSING
   REMEDIAL SANCTIONS AND
   ORDERING RESPONDENTS TO
   CEASE AND DESIST

   I.

   On October 20, 1998, the Securities and Exchange Commission
   (Commission) deemed it appropriate and in the public interest to
   institute public administrative and cease-and-desist proceedings
   against the Respondents pursuant to Sections 15(b) and 21C of the
   Securities Exchange Act of 1934 (Exchange Act).

   In response to the institution of these administrative proceedings,
   the Respondents submitted Offers of Settlement which the Commission
   has determined to accept. Solely for the purpose of this proceeding
   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 herein, except as to jurisdiction and those facts
   set forth in paragraph II.A below, which are admitted, the Respondents
   consent to the entry of this Order Making Findings, Imposing Remedial
   Sanctions and Ordering Respondents To Cease And Desist (Order).

   II.

   On the basis of this Order and the Offers of Settlement submitted by
   the Respondents, the Commission makes the following findings

   A. The Respondents are broker-dealers registered with the Commission
   pursuant to Section 15(b) of the Exchange Act. These Respondents were
   each required to maintain minimum net capital of $5000 or greater but

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

ADMINISTRATIVE PROCEEDING

IMPOSING REMEDIAL SANCTIONS AND ORDERING RESPONDENTS TO CEASE AND DESIST

On October 20, 1998, the Securities and Exchange Commission deemed it appropriate and in the

In response to the institution of these administrative proceedings, the Respondents submitted

Solely for the purpose of this proceeding and any other proceedings brought by or on behalf

Rule 17a-5promulgated under Section 17of the Exchange Act provides that every registered

As of September 4, 1998, the Respondents had not filed Part I of Form BD-Y2K with the

On September 10, 1998, the NASD sent the Respondents a letter warning that broker-dealers who

In view of the foregoing, it is in the public interest to impose the sanctions and

Pursuant to Section 21C of the Exchange Act, the Respondents shall cease and desist from

Pursuant to Section 21B of the Exchange Act, each of the Respondents shall, prior to the

The payment shall be made by United States postal money order, certified check, bank


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