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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
AMERICAN IMAGE SECURITIES STOCK EXCHANGE ACT COMMISSION DISTRICT PURSUANT COMMON STOCK NORTHEAST CLIENTS COMPLAINT ALLEGES IOVINE UNITED STATES INSTITUTING VINCENT FINDINGS SANCTIONS BROKER-DEALER TIME PERIOD RELEVANT ADMINISTRATIVE PROCEEDING MATTER INVESTORS HEREBY RESPONDENT TRADER DEALERS OTC BULLETIN BOARD ISSUANCE AUTHORIZATION QUOTATION |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42066 / October 28, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10086
________________________
ORDER INSTITUTING PROCEEDINGS
In the Matter of PURSUANT TO SECTIONS 15(b) AND 19(h)
OF THE SECURITIES EXCHANGE ACT OF
Vincent J. Iovine 1934, MAKING FINDINGS AND IMPOSING
________________________ REMEDIAL SANCTIONS
I.
The Commission deems it appropriate in the public interest and for the
protection of investors that administrative proceedings be instituted
pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of
1934 ("Exchange Act") with respect to Vincent J. Iovine ("Iovine").
II.
In anticipation of these proceedings, Iovine has submitted an Offer of
Settlement ("Offer") which the Commission has determined to accept.
Solely for the purpose of these proceedings 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 contained
herein, except that Iovine admits the jurisdiction of the Commission
over him and the subject matter of this proceeding and the matters
described in paragraphs III.A, D, E., F. and G of this Order, Iovine
has consented to the findings and sanctions set forth below.
Accordingly, IT IS ORDERED that the proceedings pursuant to Sections
15(b) and 19(h) of the Exchange Act be, and they hereby are,
instituted.
III.
On the basis of this Order for Proceedings and the Offer submitted by
the Respondent, the Commission finds that
A. Iovine was a registered representative and the head trader at
Northeast Securities, Inc. ("Northeast"), a registered broker-dealer,
from May 1992 until March 14, 1997. He was registered with various
broker-dealers from June 1984 until June 1998.
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