UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42927 / June 13, 2000
INVESTMENT ADVISERS ACT OF 1940
Release No. 1877 / June 13, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10224
____________________________
In the Matter of ORDER INSTITUTING PROCEEDINGS,
MAKING FINDINGS AND IMPOSING
Donald G. Brooks, REMEDIAL SANCTION
Respondent.
____________________________
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate in the public interest, for the protection of investors,
that public administrative proceedings be, and hereby are, instituted
pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of
1934 ("Exchange Act"), and Section 203(f) of the Investment Advisers
Act of 1940 ("Advisers Act") against Donald G. Brooks ("Brooks").
In anticipation of the institution of these proceedings, Brooks has
submitted an Offer of Settlement ("Offer") to the Commission, 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 in which the Commission
is a party, and without admitting or denying the findings contained
herein, except those contained in paragraphs II.A., II.B and II.C.,
and the jurisdiction of the Commission over him and the subject matter
of these proceedings, Brooks consents to the issuance of this Order
Instituting Proceedings, Making Findings and Imposing Remedial
Sanctions, and to the entry of the findings set forth below.
II.
On the basis of this Order and the Offer submitted by Brooks, the
Commission finds that
A. Donald G. Brooks, age 64 and a resident of Garland, Texas, from May
1990 through April 1999, was a registered representative with one or
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
The Securities and Exchange Commission deems it appropriate in the public interest, for the
In anticipation of the institution of these proceedings, Brooks has submitted an Offer of
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
Sanctions, and to the entry of the findings set forth below.
Donald G. Brooks, age 64 and a resident of Garland, Texas, from May 1990 through April 1999,
Brooks Financial Planning, Inc., a Texas corporation with its principal place of business in
Brooks and BFP provided financial planning advice to their clients and took compensation from
On March 24, 2000, a Final Judgment was entered by consent against Brooks and BFP, in the
Brooks and BFP were permanently enjoined from violations of Sections 17of the Securities Act
The Commission's Amended Complaint against Brooks and BFP alleged that starting in 1989 and
E. The Complaint further alleged that although Brooks and BFP promised investors annual
F. The Complaint also alleged that Brooks and BFP encouraged prospective investors to
Brooks and BFP promised investors semi-annual or other periodic "interest" payments.
In view of the foregoing, the Commission deems it appropriate in the public interest, for the
Brooks be, and hereby is, barred from association with any broker, dealer or investment
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