United States of America
before the
Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 48499 / September 17, 2003
Administrative Proceeding
File No. 3-11223
_________________________________________________________________
In the Matter of
JOHN DELPRINCE
Respondent.
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT
The Securities and Exchange Commission (Commission or SEC) instituted
this proceeding on August 15, 2003, by an Order Instituting
Proceedings (OIP), pursuant to Section 15(b) of the Securities
Exchange Act of 1934 (Exchange Act).
The OIP was served on Respondent John DelPrince (DelPrince) at Davie,
Florida, on August 23, 2003. By the terms of the OIP and Rule 220(b)
of the Commission's Rules of Practice, 17 C.F.R. § 201.220(b),
DelPrince's Answer was due twenty days later. No Answer has been
filed, and the time for filing has now expired. In addition, the
Division of Enforcement has filed a pleading representing that
DelPrince has informed it that he does not intend to file an Answer,
contest the allegations in the OIP, or oppose the requested sanction,
which is a bar on association with any broker or dealer.
Accordingly, DelPrince is in default within the meaning of Rules
155(a)(2) and 220(f) of the Commission's Rules of Practice, 17 C.F.R.
§§ 201.155(a)(2), .220(f), and an Administrative Law Judge may
determine the proceeding against him upon consideration of the record,
including the OIP, the allegations of which may be deemed to be true.
I find the following allegations in the OIP to be true
DelPrince, age 46, is a resident of Florida. At all relevant times,
DelPrince was the president and majority shareholder of Old Dominion
Securities, Inc. (Old Dominion), a broker and dealer registered with
the Commission pursuant to Section 15(b) of the Exchange Act.
SNIPPETS:
Securities and Exchange Commission
Administrative Proceeding
The Securities and Exchange Commission instituted this proceeding on August 15, 2003, by an
The OIP was served on Respondent John DelPrince at Davie, Florida, on August 23, 2003.
By the terms of the OIP and Rule 220of the Commission's Rules of Practice, 17 C.F.R. §
In addition, the Division of Enforcement has filed a pleading representing that DelPrince has
Accordingly, DelPrince is in default within the meaning of Rules 155and 220of the
At all relevant times, DelPrince was the president and majority shareholder of Old Dominion
On February 25, 2003, the Commission filed a complaint in the United States District Court
The civil action was captioned, Civil Action No. 8 03-CV-321-T-27 (M.D.
Fla.)
The Complaint alleged, among other things, that from at least July 2000 to December 2000,
On July 31, 2003, the court granted the Commission's motion for default and entered an Order
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