UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 34-40929 / January 11, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9803
___________________________________
:
In the Matter of : ORDER MAKING
FINDINGS : AND IMPOSING
CERTAIN MARKET MAKING : SANCTIONS AS TO
ACTIVITIES ON NASDAQ : WARBURG DILLON
: READ LLC,
: MICHAEL R. ANTOLINI,
: STEPHEN D. MURPHY,
: DAVID S. ROTHMAN
: AND JOEL I. ZWEIG
___________________________________:
I.
In the accompanying Order Instituting Proceedings
Pursuant to Sections 15(b) and 21C of the Securities
Exchange Act of 1934 and Findings of the Commission ("Order
Instituting Proceedings"), the Securities and Exchange
Commission ("Commission") instituted these public
administrative proceedings against Warburg Dillon Read LLC,
Michael R. Antolini, Stephen D. Murphy, David S. Rothman,
Joel I. Zweig, and other firms and individuals.
Contemporaneously, Warburg Dillon Read LLC, Michael R.
Antolini, Stephen D. Murphy, David S. Rothman and Joel I.
Zweig ("Respondents") have submitted Offers of Settlement
("Offers") in anticipation of the institution of these
proceedings, which the Commission has determined to accept.
In their Offers, Respondents, solely for the purposes of
these proceedings and any other proceedings brought by or on
behalf of the Commission or to which the Commission is a
party, prior to a hearing pursuant to the Commission’s Rules
of Practice, and without admitting or denying the findings
herein, except for the findings of Section II.A., which are
admitted, have consented to the entry of the Order
Instituting Proceedings and this Order Making Findings and
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
In the accompanying Order Instituting Proceedings
Exchange Act of 1934 and Findings of the Commission ("Order
administrative proceedings against Warburg Dillon Read LLC,
Joel I. Zweig,
Contemporaneously, Warburg Dillon Read LLC, Michael R.
Antolini, Stephen D. Murphy, David S. Rothman and Joel I.
Zweig have submitted Offers of Settlement
Inc. merged with UBS Securities LLC to create Warburg
York and, at all relevant times, was a Nasdaq trader at UBS
traded on the Nasdaq Stock Market.
15c1-2 and 15c2-7 thereunder, in one or more of the respects
Proceedings in a market making transaction or a related
Instituting Proceedings in violation of Section 15of
Respondent UBS Securities LLC failed to
from committing or causing any violation of,
bank money order,
and Exchange Commission, which shall be handdelivered or mailed to the Comptroller, Securities
or the Independent Consultant,
procedures and practices relating to
Within three months of receiving recommendations
|
