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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
BROKER-DEALER SECURITIES OIP COMMISSION PROCEEDING THOMAS FIDELITY FINDINGS SANCTION CONSPIRACY COMMIT WIRE FRAUD LAW SCHEME DEALER MATTER PURSUANT PLEADED GUILTY CHARGE ACCORDS INVESTMENTS EMPLOYER RESPONSIBILITY TRADES COMMENCEMENT FELONY PURCHASE SALE BUSINESS MEANING |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES EXCHANGE ACT OF 1934
Release No. 48487/September 12, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11205
_________________________________________________________________
In the Matter of
RICHARD P. CALLIPARI and,
THOMAS J. CONNOLLY
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING SANCTION BY DEFAULT AGAINST THOMAS
J. CONNOLLY
I. BACKGROUND
The Securities and Exchange Commission (Commission) issued its Order
Instituting Proceedings (OIP) in this matter on August 5, 2003,
pursuant to Section 15(b) of the Securities Exchange Act of 1934
(Exchange Act). The OIP alleges that Thomas J. Connolly was associated
with a broker-dealer from 1993 through 1997 and has pleaded guilty to
conspiracy to commit wire fraud, a charge that resulted from his
wrongdoing at the broker-dealer. He was served with the OIP on August
22, 2003. He failed to file an Answer, due on September 11, twenty
days after he was served. § 201.220(b); OIP at 3. Additionally, he
failed to appear at a September 11 prehearing conference of which he
had been notified.
Connolly is in default. 17 C.F.R. §§ 201.155(a)(1), .155(a)(2),
.221(f). Accordingly, the undersigned finds that the allegations in
the OIP are true as to him. The findings of fact and conclusions of
law made in this Order as to Connolly are not binding on any other
person in this proceeding.
II. FINDINGS OF FACT
Connolly was associated with National Financial Services, LLC
(Fidelity), a registered broker-dealer and subsidiary of Fidelity
Investments from January 1993 until he was terminated in 1997.
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