SEC v HATTIER, SANFORD & REYNOIR, GUS A. REYNOIR, et al


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Keywords & Phrases

CaseNo: 34-39543, Defendant: Hattier, Sanford & Reynoir, Gus A. Reynoir, and Vance G. Reynoir, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>34-39543, Firm, Reynoir, Confirmations, Securities, Commissioner, Nasd, Transactions, Exchange Act, Capacity, Sanction, Violations, National Association, Disciplinary Action, Misrepresentation, Agency, Securities Dealers, Registered Securities, Nasd Regulation, President, Applicants, Proceeding, Bickerstaff, Erroneous Confirmations, Committee, Nasd Sanction Guidelines, Broker-dealers, Government Securities, Finop, Inaccurate , ContentID: 120247242

Case Documents

1998-01-13

SEC COMMISSION OPINION
[ see first page and extracted highlights below ] ItemID: 117392

17 pages
TXT

Total Documents: 1 document , 17 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC COMMISSION OPINION

EXTRACTED KEY WORDS

REYNOIR
CONFIRMATIONS
SECURITIES
COMMISSIONER
NASD
TRANSACTIONS
EXCHANGE ACT
CAPACITY
SANCTION
VIOLATIONS
NATIONAL ASSOCIATION
DISCIPLINARY ACTION
MISREPRESENTATION
AGENCY
MEMBER
SECURITIES DEALERS
REGISTERED SECURITIES
NASD REGULATION
PRESIDENT
APPLICANTS
PROCEEDING
BICKERSTAFF
ERRONEOUS CONFIRMATIONS
COMMITTEE
NASD SANCTION GUIDELINES
BROKER-DEALERS
GOVERNMENT SECURITIES
FINOP
INACCURATE







                          SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

     SECURITIES EXCHANGE ACT OF 1934
     Rel. No. 39543 / January 13, 1998

     Admin. Proc. File No. 3-9190


                                                             :
                   In the Matter of the Application of       :
                                                             :
                       HATTIER, SANFORD & REYNOIR            :
                    201 St. Charles Ave.; Suite 4204         :
                      New Orleans, Louisiana 70170           :
                                                             :
                                   and                       :
                                                             :
                             GUS A. REYNOIR                  :
                            VANCE G. REYNOIR                 :
                                                             :
             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 Regarding Confirmation of Transactions

                    Misrepresentation of Broker's Capacity on
Confirmations

          Member firm of registered securities association, its president,
and
          its municipal securities principal misrepresented that
transactions
          were made on an agency, rather than on a principal, basis.
Held,

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

Misrepresentation of Broker's Capacity on

Member firm of registered securities association, its president, and its municipal securities

Reynoir, Gus A. Reynoir, and Vance G. Reynoir.

Hattier, Sanford & Reynoir, a member of the National Association of Securities Dealers, Inc.;

municipal securities principal and general securities representative of the Firm,

The NASD found that HS&R, acting through G. Reynoir and V. Reynoir, violated rules of the

The NASD censured the Applicants; fined the Applicants $60,000, jointly and severally;

/ Section 4of the NASD Government Securities Rules

of confirmations of all purchases and sales of securities,"

The NASD s allegations arise from a series of transactions effected by HS&R pursuant to a