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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
BROUMAS SUPERVISOR SECURITIES EXCHANGE ACT EXCHANGE ACT COMMISSION TRADES VOSS LAW GRAHAM COMPLIANCE OFFICER JUDGE PROCEEDING ACCOUNT SUPERVISE REGISTERED REPRESENTATIVES BRANCH MANAGER BROKER-DEALER JML STOCK VCI ADMINISTRATIVE LAW JUDGE MATCHED ORDERS WASH TRADES DIRECTED TRADES CLEARING FIRM RESPONSIBILITY MANIPULATION VIOLATIONS TRANSACTIONS CONTRA-BROKERS |
Securities and Exchange Commission
Washington, D.C.
Securities Exchange Act of 1934
Rel. No. 42008 / October 14, 1999
Admin. Proc. File No. 3-8511
In the Matter of
James J. Pasztor
Opinion of the Commission
Broker-Dealer Proceeding
Ground for Remedial Action
Failure to Supervise Reasonably
Branch manager of broker-dealer, who was also compliance officer,
failed reasonably to supervise registered representative who aided,
and abetted, and caused a manipulation effected by her customer. Held,
it is in the public interest to suspend branch manager from
association in a supervisory or proprietary capacity with any broker
or dealer for a period of three months.
Appearances
Thomas J. McCabe, for James J. Pasztor.
David S. Horowitz, for the Division of Enforcement.
Appeal filed
February 21, 1997
Last brief received
June 5, 1997
Oral Argument held
June 14, 1999
I.
The Division of Enforcement appeals from the initial decision of an
administrative law judge dismissing an administrative action against
James J. Pasztor. Pasztor was, among other things, branch manager and
compliance officer of Voss & Co., Inc. ("VCI") at the time of the
events at issue. The Division alleges that Pasztor failed reasonably
to superviseSharon M. Graham, a registered representative at VCI. We
base our findings on an independent review of the record, except with
SNIPPETS:
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