SEC v JACOB WONSOVER - Legal Case Documents


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SEC v JACOB WONSOVER

Keywords & Phrases

CaseNo: 34-41123, Defendant: Jacob Wonsover, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>34-41123, Wonsover, Securities, Law Judge, Act, Sales, Commission, Shareholders, Exchange Act, Broker, Representation, Stock, Violations, Sold, Shares, Gibori, Accounts, Transactions, Broker-dealers, Jacob Wonsover, Restricted Securities, Underwriter, Committing, Future Violation, Stock Certificates, Distribution, Representation Letters, Public Offering, Transfer Agent, Shareholder Lists, Respondents , ContentID: 120247194

Case Documents

1999-03-01

SEC COMMISSION OPINION
[ see first page and extracted highlights below ] ItemID: 117344

25 pages
TXT

Total Documents: 1 document , 25 pages

Price: $ 19.95

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1 . SEC COMMISSION OPINION

EXTRACTED KEY WORDS

SECURITIES
LAW JUDGE
ACT
SALES
COMMISSION
SHAREHOLDERS
EXCHANGE ACT
BROKER
REPRESENTATION
STOCK
VIOLATIONS
SOLD
SHARES
GIBORI
ACCOUNTS
TRANSACTIONS
BROKER-DEALERS
JACOB WONSOVER
RESTRICTED SECURITIES
UNDERWRITER
COMMITTING
FUTURE VIOLATION
STOCK CERTIFICATES
DISTRIBUTION
REPRESENTATION LETTERS
PUBLIC OFFERING
TRANSFER AGENT
SHAREHOLDER LISTS
RESPONDENTS

                          SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C.


          SECURITIES EXCHANGE ACT OF 1934
          Rel. No. 41123 / March 1, 1999

          Admin. Proc. File No. 3-8584


                                      :
           In the Matter of           :
                                      :
              JACOB WONSOVER          :
              4711 Dempster           :
              Skokie, Illinois 60076  :
                                      :
                                      :

          OPINION OF THE COMMISSION

               BROKER-DEALER PROCEEDING

                    Grounds for Remedial Action

                         Sale of Unregistered Securities

               Registered representative unlawfully sold unregistered
               securities.  Held, it is in the public interest to suspend
               registered representative from association with any broker
               or dealer for a period of six months and to order him to
               cease and desist from committing or causing any violation or
               future violation of Sections 5(a) and 5(c) of the Securities
               Act of 1933.

          APPEARANCES:

               James W. Perkins and Adam D. Cole, of Cahmy Karlinsky &
          Stein LLP, for Jacob Wonsover.

               Yuri B. Zelinsky, for the Division of Enforcement.

          Appeal filed:  September 4, 1996
          Briefing completed:  March 21, 1997
          Oral argument:   December 7, 1998
                                          I.

               Jacob Wonsover, a registered representative, appeals from an

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Registered representative unlawfully sold unregistered

Jacob Wonsover, a registered representative, appeals from an administrative law judge's

The law judge found that Wonsover violated Sections 5and 5of the Securities Act of 1933 --

The law judge suspended Wonsover from association with a broker or dealer for six months and

The Order Instituting Proceedings, dated December 28, 1994, charges Wonsover with selling

Wonsover sold a total of 924,000 shares of Gil-Med on behalf of the Nineteen Shareholders.

Wonsover does not dispute that the sales occurred, but argues that the transactions and his

Gil-Med went public during 1988 in an initial public offering pursuant to which Gil-Med

Gil-Med's chairman and president, Gibori, perpetrated the fraud with the assistance of an