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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
KRULL FUND NASD RECOMMENDATIONS SECURITIES COMMISSION MUTUAL FUNDS REVIEW SWITCHES FINDINGS DISCIPLINARY ACTION NATIONAL ASSOCIATION SANCTIONS SECURITIES EXCHANGE ACT TRANSACTIONS SWITCHING REGISTERED SECURITIES ASSOCIATION VIOLATION FAIR PRACTICE SECURITIES DEALERS RESTITUTION FUND SHARES SALES CHARGES DBCC NBCC SWITCHING ACTIVITY KRULL ARGUES MEMBER FIRM NORMAN SUE |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 40768 / December 10, 1998
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. :
___________________________________________________:
OPINION OF THE COMMISSION
REGISTERED SECURITIES ASSOCIATION -- REVIEW OF DISCIPLINARY
PROCEEDINGS
Violation of Rules of Fair Practice
Unsuitable Recommendations Involving Mutual Fund
Switches
Registered principal and representative of member firm of
registered securities association made unsuitable
recommendations to customers that involved switches from one
front-end load mutual fund to another. Held, association's
findings of violation are sustained, and the sanctions it
imposed are modified in part.
APPEARANCES:
Fredrick D. Huebner, of Cable, Langenbach, Kinerk & Bauer,
L.L.P., for Kenneth C. Krull
Alden S. Adkins, Norman Sue, Jr., and Shirley H. Weiss, for
NASD Regulation, Inc.
Appeal filed: August 27, 1997
Briefing completed: December 16, 1997
SNIPPETS:
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