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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
SECURITIES EXCHANGE ACT INVESTORS OFFERING DEADLINE MORROW COMPENSATION SALES COMMISSION VIOLATION PARTNERSHIP EXCHANGE ACT RULE BROKER-DEALER ANTICIPATED COMPENSATION DISCLOSE WESTON PARK FLORIDA PRIVATE PLACEMENT PROCEEDING LAW JUDGE GENERAL PARTNER EXTENSION PPM COMMITTING FUTURE VIOLATION MINIMUM PROCEEDS MATERIALS ASSURANCES INVESTMENT ADVISER EQUITY KICKER |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 40392 / September 2, 1998
Admin. Proc. File No. 3-8304
:
In the Matter of :
:
RICHARD H. MORROW :
:
:
OPINION OF THE COMMISSION
BROKER-DEALER PROCEEDING
Grounds for Remedial Action
Offer and Sale of Securities Beyond Offering
Deadline
Failure to Disclose Anticipated Compensation from
Sale of Securities
Registered representative offered and sold limited
partnership interests in private placement offering
beyond offering deadline and failed to disclose to
investors information regarding his anticipated
compensation for those sales. Held, it is in the
public interest to suspend the registered
representative from association with any broker or
dealer for one year and to order him to cease and
desist from committing or causing any violation or
future violation of Section 10(b) of the Securities
Exchange Act of 1934, Exchange Act Rule 10b-9, and
Sections 17(a)(2) and (3) of the Securities Act of
1933.
APPEARANCES:
Mitchell A. Margo and Joe D. Jacobson, Green, Schaaf &
Margo, P.C., for Richard H. Morrow.
Charles V. Senatore, Mitchell E. Herr, Glenn A. Harris, and
Terence M. Tennant, for the Division of Enforcement.
SNIPPETS:
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