SEC v ROBERT J. CARUCCI and R.M. CARUCCI CORP


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Keywords & Phrases

CaseNo: 34-42083, Defendant: Robert J. Carucci and R.M. Carucci Corp., Plaintiff: SEC, UniqueCaseRef: SEC>34-42083, Carucci, Exchange, Exchange Act, Broker-dealer, Securities, Commission, Proceeding, Account, Non-nyse Member Broker-dealer, Administrative Proceeding, Hereby, Respondents, York, Violating, Thereunder, District, Principals, Transactions, Profits, Customer Orders, United States, Pursuant, Findings, Consent, Floor, Nyse, Sanctions, York Stock Exchange, States District Court, Southern District , ContentID: 120245622

Case Documents

1999-11-01

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 112361

3 pages
HTML

Total Documents: 1 document , 3 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

EXCHANGE
EXCHANGE ACT
BROKER-DEALER
SECURITIES
COMMISSION
PROCEEDING
ACCOUNT
NON-NYSE MEMBER BROKER-DEALER
ADMINISTRATIVE PROCEEDING
HEREBY
RESPONDENTS
YORK
VIOLATING
THEREUNDER
DISTRICT
PRINCIPALS
TRANSACTIONS
PROFITS
CUSTOMER ORDERS
UNITED STATES
PURSUANT
FINDINGS
CONSENT
FLOOR
NYSE
SANCTIONS
YORK STOCK EXCHANGE
STATES DISTRICT COURT
SOUTHERN DISTRICT

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES AND EXCHANGE ACT OF 1934
   Release No. 42083 / November 1, 1999

   ADMINISTRATIVE PROCEEDING
   File No. 3-10087
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           In the Matter of

           ROBERT J. CARUCCI                       ORDER INSTITUTING
                                                   PROCEEDINGS, MAKING
                and                                FINDINGS, AND IMPOSING
                                                   REMEDIAL SANCTIONS
          R.M. CARUCCI CORP.,

             Respondents.

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   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate in the public interest for the protection of investors
   that public administrative proceedings be, and hereby are, instituted
   against Robert J. Carucci ("Carucci") and R.M. Carucci Corp.
   (collectively "the Respondents"), pursuant to Sections 15(b) and 19(h)
   of the Securities Exchange Act of 1934 ("Exchange Act").
   II.

   In anticipation of the institution of this administrative proceeding,
   the Respondents have submitted Offers 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 party, and without
   admitting or denying the findings contained herein, except the
   Commission's findings set forth in paragraphs III. A., III. B., III.
   C. and IV.D. below, which the Respondents admit, the Respondents
   consent to the issuance of this Order Instituting Proceedings, Making
   Findings, and Imposing Remedial Sanctions ("Order").

   Accordingly, it is ordered that an administrative proceeding be and
   hereby is instituted against Carucci and R.M. Carucci Corp. pursuant
   to Sections 15(b) and 19(h) of the Exchange Act.

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE ACT OF 1934

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

In anticipation of the institution of this administrative proceeding, the Respondents have

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 Carucci

Carucci was the president and sole owner of R.M. Carucci Corp., which has been registered

R.M. Carucci Corp. was the name under which Carucci conducted an independent brokerage

On May 18, 1998, Carucci pleaded guilty to one count of violating Section 11of the Exchange

On December 10, 1998, Carucci was permanently enjoined, on consent, by the United States

E. The Commission's Amended Complaint in the Injunctive Action alleged, in part, as follows

Pursuant to the arrangement, an account was opened at the non-member broker-dealer and

From October 1993 through at least December 1996, as Carucci learned of potentially

On some occasions, Carucci executed transactions for this account while he or R.M. Carucci

Carucci agreed to split the profits from the activity in the account with the principals of

R.M. Carucci Corp. filed inaccurate monthly and quarterly reports with the New York Stock

it is in the public interest to impose the sanctions specified in the Offer.


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