UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 40573 / October 20, 1998
ADMINISTRATIVE PROCEEDING
File No. 3-9758
______________________________
)
In the Matter of ) ORDER INSTITUTING
) PUBLIC ADMINISTRATIVE
) AND CEASE-AND-
) DESIST PROCEEDINGS
Certain Broker-Dealers ) PURSUANT TO SECTIONS
) 15(b) AND 21C OF THE
Who Failed To File All ) SECURITIES EXCHANGE
Or Part of Form BD-Y2K ) ACT OF 1934, MAKING
) FINDINGS, IMPOSING
) REMEDIAL SANCTIONS
) AND ORDERING
) RESPONDENTS TO
Respondents. ) CEASE AND DESIST
______________________________)
I.
The Securities and Exchange Commission (Commission)
deems it appropriate and in the public interest to institute
public administrative and cease-and-desist proceedings
against the Respondents listed in Appendices A, B and C
pursuant to Sections 15(b) and 21C of the Securities
Exchange Act of 1934 (Exchange Act).
In anticipation of the institution of these
administrative proceedings, the Respondents listed in
Appendices A, B and C have submitted Offers of Settlement
which the Commission has determined to accept. Solely for
the purpose of this proceeding and any other proceedings
brought by or on behalf of the Commission, or to which the
Commission is a party, and without admitting or denying the
findings herein, except as to jurisdiction and those facts
set forth in paragraph II.A below, which are admitted by the
Respondents listed in Appendix A, and those facts set forth
in paragraph II.B below, which are admitted by the
Respondents listed in Appendix B, and those facts set forth
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
The Securities and Exchange Commission
Exchange Act of 1934.
Appendices A, B and C have submitted Offers of Settlement
and without admitting or denying the
set forth in paragraph II.A below,
and those facts set forth
B and C consent to the entry of this Order
Proceedings Pursuant to Sections 15and 21C of the
Securities Exchange Act of 1934, Making Findings, Imposing
all broker-dealers registered with the Commission pursuant
designated examining authority (DEA) no later than August
31, 1998, Part I of Form BD-Y2K reflecting the brokerdealer's Year 2000 preparedness as of
Securities Dealers (NASD).
by the Commission for violations of Sections 17of the
Exchange Act, Rule 17a-5 thereunder, or other provisions of
close of business within ten business days after the date of
the amount of $5000 to the United States Treasury.
order, certified check, bank cashier's check, or bank money
Center, 6432 General Green Way, Alexandria, VA 22312;
submitted with a cover letter that identifies by firm
letter and money order or check shall be sent to Mary Keefe,
Director, Midwest Regional Office, Securities and Exchange
Commission, 500 W. Madison St., Ste.
1400, Chicago, IL
The Partners Financial Group,
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