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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT SECURITIES COMMISSION BARON RESPONDENT PROCEEDING CUSTOMER YORK COMMON STOCK MANIPULATION REQUEST HPI COMMON STOCK GRAND JURY CONNECTION PCI ANDREW BRESSMAN RICHARD ACOSTA CUSTOMER ACCOUNTS SALES PRACTICES THEREUNDER MARK GOLDMAN JACK WOLYNEZ ROMAN OKIN REGULATION VIOLATIONS EXECUTE CUSTOMER SELL ADMINISTRATIVE PROCEEDINGS DISTRICT ATTORNEY RICHARD SIMONE |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42103 / November 4, 1999
ADMINISTRATIVE PROCEEDINGS
File Nos. 3-9010 and 3-9168
In the Matter of
ANDREW BRESSMAN, ORDER MAKING FINDINGS
ROMAN OKIN, AND IMPOSING REMEDIAL
RICHARD ACOSTA, SANCTIONS AND CEASE AND
RICHARD SIMONE, DESIST ORDER AS TO
BURTON BLANK, ANDREW BRESSMAN
MARK GOLDMAN
JACK WOLYNEZ
Respondents.
I.
On December 6, 1996 the Securities and Exchange Commission
("Commission") issued an order postponing these proceedings at the
request of the District Attorney of the County of New York to permit
the grand jury impaneled by the District Attorney to complete its
investigation into the conduct of the respondents in this action and
to file any resulting indictments. Since that time, respondents Andrew
Bressman, Roman Okin, Richard Acosta, Richard Simone, Mark Goldman and
Jack Wolynez have been indicted by the grand jury and criminally
convicted in connection with their activities while employed at A.R.
Baron & Co., Inc.
In anticipation of the reopening of this proceeding by the Commission,
Respondent Andrew E. Bressman ("Bressman" or "Respondent") has
submitted an offer of settlement which the Commission has determined
to accept ("Offer"). Accordingly, the Commission deems it appropriate
to reopen the proceeding as to Respondent Bressman for the purpose of
accepting his Offer. Solely for the purpose of this proceeding and any
other proceeding 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 as to jurisdiction of the Commission
over the Respondent and the subject matter of this proceeding, and as
to the entry of the conviction set forth in paragraph II.B.1. and
II.H. below, which are admitted, Bressman, by his Offer, consents to
the findings and the imposition of the sanctions and other relief
contained in this Order Making Findings and Imposing Remedial
Sanctions and Cease-and-Desist Order ("Order").
SNIPPETS:
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