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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
FIRM COMMITMENT SECURITIES FIRM COMMITMENT UNDERWRITING NASD NET CAPITAL RULE DEALER EXCHANGE ACT FINANCIAL SERVICES FOCUS REPORT AUGUSTINE VIOLATION MEMBER FINANCIAL SERVICES COMPANY REVIEW APPLICANTS COMMISSION FAIR PRACTICE DISCIPLINARY ACTION REGISTERED SECURITIES ASSOCIATION PARTICIPATION FINOP INACCURATE FOCUS REPORT TRANSACTION REPORTING REQUIREMENTS REDETERMINATION DISTRICT COMMITTEE NASD STAFF SELLING GROUP BROKER-DEALER |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 40436 / September 14, 1998
Admin. Proc. File No. 3-9298
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In the Matter of the Application of |
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FIRST COLORADO FINANCIAL SERVICES |
COMPANY, INC. |
Post Office Box 6785 |
Denver, Colorado 80206 |
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and |
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MARK P. AUGUSTINE |
9073 South Bear Mountain Drive |
Highlands Ranch, Colorado 80126 |
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For Review of Disciplinary Action Taken by the |
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NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.|
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OPINION OF THE COMMISSION
REGISTERED SECURITIES ASSOCIATION -- REVIEW OF
DISCIPLINARY PROCEEDINGS
Violations of the Rules of Fair Practice
Failure to Comply with Reporting Requirements
Allged Net Capital Violation
Member firm of registered securities association and
firm's FINOP filed inaccurate FOCUS report but did not
violate the net capital rule as the firm did not
participate in a firm commitment underwriting. Held,
association's findings of violation are sustained in
part and set aside in part, sanctions are vacated, and
proceedings are remanded for redetermination of
sanctions.
APPEARANCES:
SNIPPETS:
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