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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION PROCEEDING EXCHANGE ACT INVESTORS COMPLAINT ADMINISTRATIVE PROCEEDINGS SETTLEMENT ADMITTING BROKER-DEALER REGISTRATION VIOLATION ALLEGES PROMISSORY NOTES UNITED STATES DEEMS PROTECTION PURSUANT LAWRENCE DENYING FINDINGS ENTRY INJUNCTION PETERSEN CONSENTS SANCTIONS DEALERS PERMANENT DISTRICT FEDERAL SECURITIES LAWS SALE ACCORDING |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42084 / November 1, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10088
In the Matter of ORDER INSTITUTING PUBLIC ADMINISTRATIVE
PROCEEDINGS PURSUANT TO SECTIONS 15(b)(6)
LAWRENCE A. PETERSEN, AND 19(h) OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING FINDINGS,
Respondent AND IMPOSING REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate in the public interest and for the protection of investors
to institute public administrative proceedings pursuant to Sections
15(b)(6) and 19(h) of the Securities Exchange Act of 1934 ("Exchange
Act") against Lawrence A. Petersen ("Petersen").
In anticipation of the institution of these proceedings, Petersen has
submitted an Offer of Settlement ("Offer") to the Commission which the
Commission has determined to accept. 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, prior to a hearing
pursuant to the Commission's Rules of Practice, 17 C.F.R. § 201.100 et
seq., and, without admitting or denying the findings contained herein,
except as to the entry of the injunction described below and the
jurisdiction of the Commission over him in this matter as set forth in
paragraphs II.A and II.B, which are admitted, Petersen consents to the
institution of public administrative proceedings, and the findings and
remedial sanctions set forth below.
II.
On the basis of this Order and the Offer of Settlement submitted by
Petersen, the Commission finds that
A. From June 1989 through September 1995, Petersen was associated as a
registered representative with two (2) broker-dealers registered with
the Commission and members of the National Association of Securities
Dealers, Inc.
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