SEC v ASIF AMEEN and BRUCE W. BERTSCH


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Keywords & Phrases

CaseNo: 34-41433, Defendant: Asif Ameen and Bruce W. Bertsch, Plaintiff: SEC, State: KS Kansas, UniqueCaseRef: SEC>34-41433, Securities, Securities Exchange Act, Bertsch, Administrative Proceeding, Kansas, Alleges, Commission, Instituting, Bruce, Wichita, Primeline, Theft, Pay, Supervisors, Violations, Laws, Valley, Registered Broker Dealer, Stole Funds, Clients, Felony Theft, Prison, Restitution, Preventing Violations, Antifraud Provisions, Federal Securities Laws, Administrative Law Judge, Allegations, Remedial Sanctions, Pay Civil Penalties , ContentID: 120244874

Case Documents

1999-05-21

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111610

1 pages
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Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SECURITIES EXCHANGE ACT
BERTSCH
ADMINISTRATIVE PROCEEDING
KANSAS
ALLEGES
COMMISSION
INSTITUTING
BRUCE
WICHITA
PRIMELINE
THEFT
PAY
SUPERVISORS
VIOLATIONS
LAWS
VALLEY
REGISTERED BROKER DEALER
STOLE FUNDS
CLIENTS
FELONY THEFT
PRISON
RESTITUTION
PREVENTING VIOLATIONS
ANTIFRAUD PROVISIONS
FEDERAL SECURITIES LAWS
ADMINISTRATIVE LAW JUDGE
ALLEGATIONS
REMEDIAL SANCTIONS
PAY CIVIL PENALTIES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 41433 / May 21. 1999

   ADMINISTRATIVE PROCEEDING
   File No. 3-9906

   ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ASIF AMEEN
   AND BRUCE W. BERTSCH

   The Commission has entered an Order Instituting Administrative
   Proceedings Pursuant to Sections 15(b) and 19(h) of the Securities
   Exchange Act of 1934 ("Order") against Asif Ameen ("Ameen") of
   Wichita, Kansas and Bruce W. Bertsch ("Bertsch") of Valley Center,
   Kansas. The Order alleges that from approximately 1993 through
   mid-1997, Ameen, while a registered representative of Primeline
   Securities Corp., a registered broker dealer located in Wichita,
   Kansas, stole funds from his clients and from other persons. The Order
   further alleges that Ameen was convicted on April 16, 1998 of four
   state counts of felony theft and one state count of securities fraud
   related to his thefts, for which he was sentenced to 32 months in
   prison and ordered to pay $60,000 restitution. The Order further
   alleges that Bertsch, while employed at Primeline as one of Ameen's
   supervisors, failed reasonably to supervise Ameen with a view to
   preventing violations of the antifraud provisions of the federal
   securities laws, in violation of Sections 15(b)(4)(E) and 15(b)(6)(A)
   of the Securities Exchange Act of 1934.

   A hearing will be held before an administrative law judge to determine
   whether the staff's allegations are true, and if so, what remedial
   sanctions are appropriate in the public interest, and whether Bertsch
   should be ordered to pay civil penalties.
     _________________________________________________________________

Modified 05/21/1999

SNIPPETS:

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

ADMINISTRATIVE PROCEEDING

ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ASIF AMEEN AND BRUCE W. BERTSCH

The Commission has entered an Order Instituting Administrative

Proceedings Pursuant to Sections 15and 19of the Securities Exchange Act of 1934 against Asif

The Order alleges that from approximately 1993 through mid-1997, Ameen, while a registered

The Order further alleges that Ameen was convicted on April 16, 1998 of four state counts of

The Order further alleges that Bertsch, while employed at Primeline as one of Ameen's

A hearing will be held before an administrative law judge to determine whether the staff's


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