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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
NASD SANCTIONS SECURITIES COMMISSION IMPOSE SECURITIES EXCHANGE ACT MISCONDUCT REVIEW DISCIPLINARY ACTION RECONSIDERATION SUSTAINING KENNETH CUSTOMERS ACCORD EVIDENCE FIRM MEMBER STANDARDS CAPACITY SUSPENSION RESTITUTION ARGUES BUSINESS STAFF FAITH DEFENSES DETERMINATION SERVES PURPOSE |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 41008 / February 1, 1999
Admin. Proc. File No. 3-9394
__________________________________________________
_ :
In the Matter of the Application of :
:
KENNETH C. KRULL :
7302 77th Drive, N.E. :
Marysville, Washington 98270 :
:
For Review of Disciplinary Action Taken by the :
:
NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. :
:
____________________________________________________
ORDER DENYING REQUEST FOR RECONSIDERATION
On December 10, 1998, we issued an opinion sustaining
disciplinary action taken by the National Association of
Securities Dealers, Inc. ("NASD") against Kenneth C. Krull,
formerly a registered representative and principal of Investment
Management and Research, Inc. ("the Firm"), a member of the NASD.
[1] Krull now requests a "partial" reconsideration of our
decision.
We found that Krull violated NASD suitability standards by
engaging in a widespread pattern of switching customers from one
front-end load mutual fund to another, thereby placing his own
interests in garnering commissions above those of his customers.
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