SEC v EAST/WEST SECURITIES COMPANY and LESLIE U. HARRIS


\|

Keywords & Phrases

CaseNo: 34-43479, Defendant: East/West Securities Company and Leslie U. Harris, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>34-43479, Nasd, Firm, Supervisory Procedures, Harris, East/west, Securities, Education, Violations, Plan, Sanctions, Firm Element, Applicants, Commission, Disciplinary Action, National Association, Element Cep, Exchange Act, Regulatory Element, Supervising, Compliance, Securities Dealers, Training Needs, Responsibility, Written Supervisory Procedures, San Francisco, Applicants Argue, California, Fair Practice, Assessment , ContentID: 120247155

Case Documents

2000-10-25

SEC COMMISSION OPINION
[ see first page and extracted highlights below ] ItemID: 117305

10 pages
HTML

Total Documents: 1 document , 10 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC COMMISSION OPINION

EXTRACTED KEY WORDS

FIRM
SUPERVISORY PROCEDURES
HARRIS
MEMBERS
EAST/WEST
SECURITIES
EDUCATION
VIOLATIONS
PLAN
SANCTIONS
FIRM ELEMENT
APPLICANTS
COMMISSION
DISCIPLINARY ACTION
NATIONAL ASSOCIATION
ELEMENT CEP
EXCHANGE ACT
REGULATORY ELEMENT
SUPERVISING
COMPLIANCE
SECURITIES DEALERS
TRAINING NEEDS
RESPONSIBILITY
WRITTEN SUPERVISORY PROCEDURES
SAN FRANCISCO
APPLICANTS ARGUE
CALIFORNIA
FAIR PRACTICE
ASSESSMENT

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

SECURITIES EXCHANGE ACT OF 1934
Rel. No. 43479 / October 25, 2000

   Admin. Proc. File No. 3-10052

                    In the Matter of the Application of

                        EAST/WEST SECURITIES COMPANY
                      120 Montgomery Street, Suite 993
                      San Francisco, California 94104

                                    and

                              LESLIE U. HARRIS

               For Review of Disciplinary Action Taken by the

              NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.

OPINION OF THE COMMISSION

       REGISTERED SECURITIES ASSOCIATION -- REVIEW OF DISCIPLINARY
       PROCEEDINGS

   Violations of the Rules of Fair Practice

   Failure to Evaluate Training Needs and Develop Continuing Education
       Plan
       Failure to Maintain Supervisory Procedures

   Member firm of registered securities association and its president
   failed to comply with continuing education and supervision
   requirements. Held, association's findings of violation and its
   assessment of sanctions are sustained.

   APPEARANCES
   Leslie U. Harris, for East/West Securities Co. and pro se.
       Alden S. Adkins, Susan L. Beesley, and Nancy C. Libin, for NASD
       Regulation, Inc.

   Appeal filed September 20, 1999
   Last brief filed February 1, 2000

                                     I.

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

San Francisco, California 94104

Violations of the Rules of Fair Practice

Member firm of registered securities association and its president failed to comply with

association's findings of violation and its assessment of sanctions are sustained.

Leslie U. Harris, for East/West Securities Co. and pro se.

East/West Securities Co., a member of the National Association of Securities Dealers, Inc.

The NASD found that Applicants violated NASD Membership and Registration Rule 1120 and NASD

Harris is a principal of the firm, and testified that he had responsibility for compliance

The rule generally requires that registered persons of NASD member firms periodically

Member firms were required to conduct a training-needs analysis and complete a written Firm

NASD Membership and Registration Rule 1120 requires that registered persons of NASD member

Applicants argue that, because East/West is a small firm, the scope of its supervisory

We do not agree that the designation of Harris as "Supervising Partner" on the outline of


\|