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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
ACT SHEEHAN EXCHANGE ACT COMMISSION MARKET PROCEEDING NBBO EXECUTION PRICE QUOTE LIMIT ORDER MATTER PURSUANT VIOLATION THEREUNDER LEONARD SHEEHAN INSTITUTING PUBLIC QUOTE ACCORD MANIPULATION DISPLAY SHARES CANCEL TARGET SECURITY BLACKWELL ADMINISTRATIVE PROCEEDINGS RESPONDENT FINDINGS CUSTOMER LIMIT ORDER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Act of 1933
Release No. 8208 / March 18, 2003
Securities Exchange Act of 1934
Release No. 47521 / March 18, 2003
Administrative Proceeding
File No. 3-11069
_________________________________________________________________
In the Matter of
LEONARD SHEEHAN,
Respondent.
_________________________________________________________________
ORDER INSTITUTING PROCEEDINGS PURSUANT TO SECTION 8A OF THE SECURITIES
ACT OF 1933 AND SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934,
MAKING FINDINGS, IMPOSING REMEDIAL SANCTIONS AND CEASE-AND-DESIST
ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that public administrative proceedings be, and hereby are,
instituted pursuant to Section 8A of the Securities Act of 1933
("Securities Act") and Section 21C of the Securities Exchange Act of
1934 ("Exchange Act") to determine whether Leonard Sheehan ("Sheehan")
violated Section 17(a) of the Securities Act and Section 10(b) of the
Exchange Act and Rule 10b-5 thereunder and to determine the
appropriateness of disgorgement.
II.
In anticipation of the institution of these administrative
proceedings, Sheehan has submitted an Offer of Settlement ("Offer")
that the Commission has determined to accept. Solely for the purpose
of this proceeding and any other proceeding brought by or on behalf of
the Commission, or to which the Commission is a party, and prior to a
hearing pursuant to the Commission's Rules of Practice and without
admitting or denying the findings set forth herein, except as to
SNIPPETS:
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