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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT COMMISSION SECURITIES DONALD DUNWORTH ORDER INSTITUTING PROCEEDINGS MARK GALLAGHER DAVID MOTTES TRADER RESPONDENT STOCK MARKET MAKING INDEPENDENT CONSULTANT VIOLATION INVESTMENT BANKER NONPUBLIC INFORMATION THEREUNDER MARKET MAKING TRANSACTION PRACTICES COMPLIANCE PERSONNEL RECOMMENDATIONS RELEVANT TIMES MATERIALS MONEY ORDER CAMBRIDGE TECHNOLOGY PARTNERS STOCK BUYBACK |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 34-40910 / 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 : J.P. MORGAN
: SECURITIES, INC.,
: DONALD A.
: DUNWORTH, MARK A.
: GALLAGHER AND
: DAVID J. MOTTES
___________________________________:
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 J.P. Morgan Securities,
Inc. ("J.P. Morgan"), Donald A. Dunworth, Mark A. Gallagher
and David J. Mottes, and other firms and individuals.
Contemporaneously, J.P. Morgan, Donald A. Dunworth, Mark A.
Gallagher and David J. Mottes ("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 Imposing Sanctions as to J.P. Morgan,
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