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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
SECURITIES VIOLATIONS TRADES EXCHANGE ACT LAW GRAHAM VOSS FIRM ACCOUNT BROKER PROCEEDING COMMISSION PASZTOR MANIPULATION BROKER-DEALER VCI CUSTOMERS JML CLASS COMMON STOCK DIRECTED TRADES TRANSACTIONS PRESIDENT WASH TRADES SUPERVISE LAW JUDGE FUTURE VIOLATION THEREUNDER JOINT ACCOUNT RESPONDENTS |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 40727 / November 30, 1998
Admin. Proc. File No. 3-8511
__________________________________________
:
In the Matter of :
:
SHARON M. GRAHAM :
and :
STEPHEN C. VOSS :
___________________________________________
OPINION OF THE COMMISSION
BROKER-DEALER PROCEEDING
Grounds for Remedial Action
Aiding, Abetting, and Causing Manipulation
Failure to Supervise Reasonably
Person associated with a registered broker-dealer aided,
abetted, and caused a manipulation effected by her customer.
President of the firm failed to supervise her reasonably.
Held, it is in the public interest to suspend the associated
person from association with any broker or dealer for a
period of two months and to order her to cease and desist
from committing or causing any future violation of the
antifraud and antimanipulation provisions of the federal
securities laws and rules thereunder. It is further in the
public interest to suspend the president from association
with any broker or dealer for a period of three months.
APPEARANCES:
Ida Wurczinger Draim, of Wiley, Rein & Fielding, for Sharon
M. Graham and Stephen C. Voss.
David S. Horowitz and Merri Jo Gillette, for the Division of
Enforcement.
Appeal filed: January 16, 1996
Last brief filed: May 9, 1996
Oral argument held: June 9, 1997
SNIPPETS:
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