 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC COMMISSION OPINION
|
EXTRACTED KEY WORDS
SECURITIES NASD STOCK PROMOTER CUSTOMERS SANCTIONS COMMISSION SECURITIES EXCHANGE ACT PAYMENTS VIOLATION SALES NATIONAL ASSOCIATION REGISTERED REPRESENTATIVES DISCLOSE DISCIPLINARY ACTION COMPENSATION APPEALS PROCEEDING FEE ARRANGEMENT SECURITIES DEALERS DISCLOSE MATERIAL INFORMATION KEVIN ERIC SHAUGHNESSY MUSICSOURCE STOCK NATIONAL COMMITTEE RECOMMENDATIONS KICKBACKS DISCLOSING BAUMGARDNER NASD REGULATION MISCONDUCT |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 40244 / July 22, 1998
Admin. Proc. File No. 3-9332
-------------------------------------------------
In the Matter of the Application of |
|
KEVIN ERIC SHAUGHNESSY |
7189 Saltsburg Rd. |
Pittsburgh, PA 15235 |
|
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 Conduct Rules
Failure to Disclose Material Information to Customers
Failure to Disclose Outside Compensation to Employer
Registered representative received compensation from a stock promoter for
effecting sales of certain securities without disclosing the fee
arrangement or the payments to the representative's customers or employer.
Held, association's findings of violation and sanctions are sustained.
APPEARANCES:
Walter L. Baumgardner, of Musilli, Baumgardner, Wagner & Parnell,
P.C., for Kevin Eric Shaughnessy.
Alden S. Adkins and Deborah F. McIlroy, for NASD Regulation, Inc.
Appeal Filed: June 9, 1997
Briefing Completed: October 7, 1997
I.
SNIPPETS:
|
|
|
| | | |
|
|
