UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 46336 / August 12, 2002
ADMINISTRATIVE PROCEEDING
File No. 3-10748
_________________________________________________________________
In the Matter of
JOAO P. SANTOS,
Respondent.
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS
I.
On April 4, 2002, the Securities and Exchange Commission
("Commission") instituted public administrative proceedings, pursuant
to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange
Act") against Respondent Joao P. Santos ("Santos").
In response to the institution of these administrative proceedings,
Respondent Santos has submitted an Offer of Settlement ("Offer") which
the Commission has determined to accept. Solely for the purpose of
these proceedings and any other proceedings brought by or on behalf of
the Commission or in which the Commission is a party, and without
admitting or denying the findings contained herein, except those
contained in paragraphs II.A., B., and C. below, which are admitted,
Santos consents to the issuance of this Order Making Findings and
Imposing Remedial Sanctions ("Order").
II.
On the basis of the Order Instituting Proceedings and the Offer
submitted by Santos, the Commission makes the following findings
A. Joao P. Santos, age 27, is a resident of Philadelphia,
Pennsylvania. From November 1997 to June 1999, Santos was a registered
representative associated with First Liberty Investment Group, Inc.
("First Liberty"), a broker-dealer registered with the Commission.
B. On January 8, 2001, in the case of United States of America v. Joao
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS
On April 4, 2002, the Securities and Exchange Commission instituted public administrative
In response to the institution of these administrative proceedings, Respondent Santos has
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
Joao P. Santos, age 27, is a resident of Philadelphia, Pennsylvania.
From November 1997 to June 1999, Santos was a registered representative associated with First
On January 8, 2001, in the case of United States of America v. Joao Santos, Crim.
No. 00-762, in the United States District Court for the Eastern District of Pennsylvania,
The criminal information alleged that, between September 1998 and June 1999, while employed
As part of the fraud, Santos caused monthly account statements to be sent to post office
He then orally informed the customers whose statements had been diverted that their
Santos's criminal conviction arose out of his conduct as an associated person of a
On the basis of the foregoing, the Commission deems it appropriate and in the public interest
Accordingly, IT IS ORDERED that Santos be, and hereby is, barred, pursuant to Sections 15of
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