SEC v DAVID S. WEIL - Legal Case Documents


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SEC v DAVID S. WEIL

Keywords & Phrases

CaseNo: 34-41264, Defendant: David S. Weil, Plaintiff: SEC, UniqueCaseRef: SEC>34-41264, Weil, Act, Investment Advisers, Star, Securities, Commission, Proceeding, Clients, Exchange Act, Funds, Administrative Proceeding, Advisory Clients, District, Pursuant, Findings, Hereby, Register, United States, Representations, Management, Bucchieri, Broker-dealer, Southern District, York, Felony, Fraud, Conviction, Real Estate Investments, Paying , ContentID: 120244913

Case Documents

1999-04-08

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111649

4 pages
TXT

Total Documents: 1 document , 4 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

ACT
INVESTMENT ADVISERS
STAR
SECURITIES
COMMISSION
PROCEEDING
CLIENTS
EXCHANGE ACT
FUNDS
ADMINISTRATIVE PROCEEDING
ADVISORY CLIENTS
DISTRICT
COURT
PURSUANT
FINDINGS
HEREBY
REGISTER
UNITED STATES
REPRESENTATIONS
MANAGEMENT
BUCCHIERI
BROKER-DEALER
SOUTHERN DISTRICT
YORK
FELONY
FRAUD
CONVICTION
REAL ESTATE INVESTMENTS
PAYING

                               UNITED STATES OF AMERICA
                                      Before the
                          SECURITIES AND EXCHANGE COMMISSION



          SECURITIES EXCHANGE ACT OF 1934
          Release No. 41264 \ April 8, 1999

          INVESTMENT ADVISERS ACT OF 1940
          Release No.   1796 \ April 8, 1999

          ADMINISTRATIVE PROCEEDING
          File No. 3-9867


          -----------------------------------
                                             :
          In the Matter of                   :
                                             :
                                             :    ORDER INSTITUTING
                                             :    PUBLIC PROCEEDINGS,
MAKING
                    DAVID S. WEIL,           :    FINDINGS, AND IMPOSING
                                             :    REMEDIAL SANCTIONS
                                             :
                                             :
                              Respondent.    :
                                             :
          -----------------------------------


                                          I.

               The Securities and Exchange Commission ("Commission") deems
          it appropriate and in the public interest that public
          administrative proceedings be instituted against David S. Weil,
          ("Weil") pursuant to Sections 15(b)(6) 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").

                                         II.

               In anticipation of the institution of this administrative
          proceeding, Weil has submitted an Offer of Settlement ("Offer")
          which the Commission has determined to accept.  Solely for the
          purpose of this proceeding and any other proceeding brought by or
          on behalf of the Commission or to which the Commission is a

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

The Securities and Exchange Commission deems it appropriate and in the public interest that

In anticipation of the institution of this administrative proceeding, Weil has submitted an

Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of

IT IS ORDERED that an administrative proceeding be and hereby is instituted against Weil

Star never was registered with the Commission in any capacity.

From 1990 through November 1994, Weil was associated with Bucchieri Asset Management, a

Weil pled guilty, on March 21, 1996, in the United States District Court for the Southern

The Court entered the judgment of conviction on January 16,

The Information underlying the conviction charged, among other things, that while associated

Contrary to these representations, Weil, and another person associated with Star, converted

In addition, in an attempt to conceal the scheme, Weil and others created and sent to

Weil also failed to register Star as an investment adviser with the Commission and to comply rity or custody over client funds and securities.


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