 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
COMMISSION SECURITIES EXCHANGE COMMISSION CIVIL PENALTY DISTRICT COURT LITIGATION INJUNCTION PROCEEDING PAY SUMMARY JUDGMENT INJUNCTION ENFORCES ADMINISTRATIVE PROCEEDING RESPONDENT SUBMITTED FALSE BID QUOTES KNICKERBOCKER STOCK VIOLATION SECURITIES EXCHANGE ACT THEREUNDER MATTER SHAMROCK PARTNERS JAMES JOHN DOYLE ADMIN PRO ISSUANCE COURT ACTION SEEKING |
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17449 / April 1, 2002
SECURITIES AND EXCHANGE COMMISSION v. STEPHEN J. FISCHER, Civil Action
No. 01- 10261 GAF (FMOx) (C.D. Cal.)
On March 21, 2002, United States District Judge Gary A. Feess of the
Central District Court in California entered an injunction against
Stephen J. Fischer ("Fischer") granting the Commission's motion for
Summary Judgment. The injunction enforces an order issued against
Fischer by the Commission in an administrative proceeding in which
Fischer was a respondent. Specifically, on April 18, 2001, Fischer was
ordered, among other things, to pay a $5,000 civil penalty in a
proceeding in which it was alleged that he submitted false bid and ask
quotes for The L.L. Knickerbocker Co., Inc. stock in violation of
Section 15(c)(2) of the Securities Exchange Act of 1934 and Rule
15c2-7 thereunder. In the Matter of Shamrock Partners, Ltd., James T.
Kelly, John R. Doyle and Stephen J. Fischer, Admin. Pro. File No.
3-10344 (April 18, 2001). Even though Fischer consented to the
issuance of the order by the Commission, he failed to pay the $5,000
civil penalty. Accordingly, the Commission filed the District Court
action seeking that Fischer be ordered to comply with the Commission's
order.
For additional information, see Litigation Release No. (July 30,
1998).
_________________________________________________________________
Modified 04/02/2002
SNIPPETS:
|
|
|
| | | |
|
|
