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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION OJAM CLIENTS FOSTER EXCHANGE PURSUANT SECURITIES INVESTMENT ADVISER VIOLATION MANAGEMENT FORM ADV UNITED STATES TRANSACTIONS MONEY ORDER RESPONDENTS CHARGE INSTITUTING SANCTIONS ENTRY CALIFORNIA EXECUTE THEREUNDER ASSET FINDINGS MANAGED ACCOUNTS BROKER-DEALER CENTS ADVISORY CLIENTS MATERIAL FACT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT ADVISERS ACT OF 1940
Release No. 1880 / June 15, 2000
SECURITIES EXCHANGE ACT OF 1934
Release No. 42945 / June 15, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10233
In the Matter of
Owen-Joseph Asset Management Corp. and William O. Foster
ORDER INSTITUTING
PROCEEDINGS PURSUANT TO
SECTIONS 203(e), 203(f) AND 203(k)
OF THE INVESTMENT ADVISERS ACT OF 1940 AND SECTIONS 15(b)
AND 19(h) OF THE SECURITIES
EXCHANGE ACT OF 1934,
MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
AND A CEASE-AND-DESIST ORDER
I.
The United States Securities and Exchange Commission (the
"Commission") deems it appropriate in the public interest and for the
protection of investors that administrative and cease-and-desist
proceedings be instituted pursuant to Sections 203(e) and 203(k) of
the Investment Advisers Act of 1940 (the "Advisers Act") against
Owen-Joseph Asset Management Corp. ("OJAM") and pursuant to Sections
203(f) and 203(k) of the Advisers Act and Sections 15(b) and 19(h) of
the Securities Exchange Act of 1934 (the "Exchange Act") against
William O. Foster ("Foster") (collectively "Respondents").
II.
In anticipation of the institution of these proceedings, Respondents
have submitted Offers of Settlement ("Offers") that 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 in
which the Commission is a party, and without admitting or denying the
findings, except those findings pertaining to the jurisdiction of the
Commission over them and the subject matter of these proceedings,
SNIPPETS:
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