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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES PROCEEDING DUMONT EXCHANGE ACT RESPONDENT SETTLEMENT ENTRY DERRICK INSTITUTING PROCEEDINGS PURSUANT FINDINGS HEREBY ADMITTING RULE G-17 MUNICIPAL SECURITIES LAND DEALER INVESTMENT UNITED STATES IMPOSING REMEDIAL SANCTIONS COMMISSION DEEMS PURPOSE DENYING CONSENTS BROKER-DEALER JUDGEMENT DISTRICT COMPLAINT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 41447 / May 25, 1999
Administrative Proceeding
File No. 3-9912
In the Matter of
Derrick P. Dumont,
Respondent.
ORDER INSTITUTING PUBLIC
PROCEEDINGS PURSUANT TO
SECTIONS 15(b) AND 19(h) OF
THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
I.
The Commission deems it appropriate and in the public interest that
proceedings pursuant to Sections 15(b) and 19(h) of the Securities
Exchange Act of 1934 ("Exchange Act") be, and they hereby are,
instituted against Derrick P. Dumont ("Dumont" or "Respondent").
II.
In anticipation of the institution of these proceedings, Respondent
has submitted an Offer of Settlement for the purpose of disposing of
the issues raised by these proceedings. The Commission has determined
that it is appropriate and in the public interest to accept
Respondent's Offer of Settlement.
Solely for the purposes of this proceeding and any other proceeding
brought by or on behalf of the Commission or in which the Commission
is a party, Respondent
A. admits the jurisdiction of the Commission over him and over the
matters set forth in this Order; and
B. without admitting or denying the findings in this Order, except as
to the entry of the injunction in Paragraph III.B. below, which is
admitted, consents to entry of this Order and the imposition of the
SNIPPETS:
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