SEC v JOHN M. W. CRUTE - Legal Case Documents


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SEC v JOHN M. W. CRUTE

Keywords & Phrases

CaseNo: 34-40474, Defendant: John M. W. Crute, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>34-40474, Crute, Nasd, Securities, Firm, Account, Violation, Disciplinary Action, National Association, Sanctions, Commission, Free-riding, Interpretation, Personal Securities, Bradford, Failure, Securities Exchange Act, Securities Dealers, Former Article, Securities Business, Proceeding, Fair Practice, Withholding, Maintained Trading Account, Public Offerings, Immediate Aftermarket, Nasd By-laws, Securities-related Activities, Non-compete Agreement, Second Firm , ContentID: 120247217

Case Documents

1998-09-24

SEC COMMISSION OPINION
[ see first page and extracted highlights below ] ItemID: 117367

12 pages
TXT

Total Documents: 1 document , 12 pages

Price: $ 19.95

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1 . SEC COMMISSION OPINION

EXTRACTED KEY WORDS

NASD
SECURITIES
FIRM
MEMBER
ACCOUNT
VIOLATION
DISCIPLINARY ACTION
NATIONAL ASSOCIATION
SANCTIONS
COMMISSION
FREE-RIDING
INTERPRETATION
PERSONAL SECURITIES
BRADFORD
FAILURE
SECURITIES EXCHANGE ACT
SECURITIES DEALERS
FORMER ARTICLE
SECURITIES BUSINESS
PROCEEDING
FAIR PRACTICE
WITHHOLDING
MAINTAINED TRADING ACCOUNT
PUBLIC OFFERINGS
IMMEDIATE AFTERMARKET
NASD BY-LAWS
SECURITIES-RELATED ACTIVITIES
NON-COMPETE AGREEMENT
SECOND FIRM





               SECURITIES AND EXCHANGE COMMISSION
               Washington, D.C.

          SECURITIES EXCHANGE ACT OF 1934
          Rel. No.  40474 / September 24, 1998

          Admin. Proc. File No. 3-9428


                                                          :
          In the Matter of the Application of             :
                                                          :
                        JOHN M. W. CRUTE                  :
                         P. O. Box 1198                   :
                     Fort Stockton, TX 79735              :
                                                          :
           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

                    Violations of Rules of Fair Practice

                    Failure  to  Comply  with  Free-Riding  and Withholding
          Interpretation

                    Failure to Give Notice of Association with Member

                    Failure to Inform Member of Personal Securities
          Account

               Registered general securities representative associated with
          member  firm  traded in "hot issues" and failed to inform  member
          firm that he maintained  trading  account  at  second  firm,  and
          second firm that he was associated with a member firm.  Held, the
          NASD's findings of violation and sanctions imposed are sustained.

          APPEARANCES:

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

For Review of Disciplinary Action Taken by the:

Violations of Rules of Fair Practice

Failure to Comply with Free-Riding and Withholding Interpretation

Failure to Give Notice of Association with Member

Registered general securities representative associated with member firm traded in "hot

the NASD's findings of violation and sanctions imposed are sustained.

John M. W. Crute, pro se.

Alden S. Adkins and Norman Sue, Jr., for NASD Regulation, Inc.

John M. W. Crute, a registered general securities representative with Capital Investment

The NASD found that Crute purchased securities in a number of initial public offerings that