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1
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SEC ADMINISTRATIVE LAW JUDGE DECISION
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EXTRACTED KEY WORDS
SECURITIES EXCHANGE ACT COMMISSION ACCOUNT RESPONDENT MILDRED WEIR PURSUANT VIOLATIONS TRADING MARTIN DIV DANIEL INVESTMENT ADMINISTRATIVE LAW JUDGE INVESTMENT OBJECTIVES MARGIN SECURITIES FRAUD BROKER-DEALER CUSTOMERS PROCEEDING MISREPRESENTATIONS ACCOUNT STATEMENTS EXCESSIVE TRADING SPECULATION FRAUDULENT TESTIMONY TURNOVER RATE EQUITY MAINTENANCE OIP |
Initial Decision of an SEC Administrative Law Judge
Daniel L. Zessinger
INITIAL DECISION RELEASE NO. 94
ADMINISTRATIVE PROCEEDING
FILE NO. 3-8838
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_________________________________________________________________
In the Matter of
DANIEL L. ZESSINGER
_________________________________________________________________
INITIAL DECISION
AUGUST 2, 1996
APPEARANCES
William P. Hicks, William A. Rees, and Cheryl C. Nichols for the
Division of Enforcement, Securities and Exchange Commission, Atlanta
District Office
Daniel L. Zessinger, pro se
BEFORE
Carol Fox Foelak, Administrative Law Judge
1. The Securities and Exchange Commission (Commission) initiated this
proceeding by an Order Instituting Proceedings (OIP) on September 28,
1995, pursuant to Section 8A of the Securities Act of 1933 (Securities
Act) and Sections 15(b), 19(h), and 21C of the Securities Exchange Act
of 1934 (Exchange Act). The OIP alleged that Respondent Zessinger was
convicted on his pleas of guilty in state and federal courts of
violations related to securities fraud arising out of his activities
as a registered representative associated with a broker-dealer from
about November 1990 to May 1992. The OIP further alleged that during
that time period he engaged in misconduct with regard to an account of
an elderly widow, including churning, unsuitable transactions, and
misrepresentation, that violated Section 17(a)(1), (2) and (3) of the
Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5
thereunder.
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