UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 48483 / September 11, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11256
_________________________________________________________________
In the Matter of
ROBERT F. FOXKARIM M. LAMARTICHARLES S. PIPIACHARLES J. PRINCIPATO,
JR.JAMES A. SAMMARTANOMARK SANFILIPPOANGELO M. SCIFO, JR.SHAWN J.
SMITHJ. VINCENT TARANTINOCLYDE ANTHONY WILLIAMS
Respondents
_________________________________________________________________
ORDER INSTITUTING PROCEEDINGS PURSUANT TO SECTION 15(b)(6) OF THE
SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS AND IMPOSING REMEDIAL
SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that a public administrative
proceeding be, and hereby is, instituted pursuant to Section 15(b)(6)
of the Securities Exchange Act of 1934 ("Exchange Act") against Robert
F. Fox ("Fox"), Karim M. Lamarti ("Lamarti"), Charles S. Pipia
("Pipia"), Charles J. Principato, Jr. ("Principato"), James A.
Sammartano ("Sammartano"), Mark Sanfilippo ("Sanfilippo"), Angelo M.
Scifo, Jr. ("Scifo"), Shawn J. Smith ("Smith"), J. Vincent Tarantino
("Tarantino"), and Clyde Anthony Williams ("Williams") ("collectively
Respondents").
II.
Respondents have submitted Offers of Settlement ("Offers") that the
Commission has determined to accept. On the basis of the foregoing,
Respondents hereby
A. Admit the jurisdiction of the Commission over them and over the
matters set forth in the Order Instituting Proceedings Pursuant to
Section 15(b)(6) of the Securities Exchange Act of 1934, Making
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
VINCENT TARANTINOCLYDE ANTHONY WILLIAMS
SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS
, James A. Sammartano, Mark Sanfilippo, Angelo M. Scifo, Jr.
("collectively Respondents").
Admit the jurisdiction of the Commission over them and over the matters set forth in the
Fox, age 38, was a registered representative at A.S. Goldmen & Co., Inc., a broker-dealer
Lamarti, age 33, was a registered representative at Goldmen from March 1996 to October 1998.
Pipia, age 33, was a registered representative at Goldmen from October 1993 to May 1997.
Sammartano, age 31, was a registered representative Goldmen from April 1997 to April 1998.
Sanfilippo, age 33, was an employee of Goldmen from May 1989 to October 1998.
Smith, age 29, was a registered representative at Goldmen from July 1995 to May 1997.
On June 18, 1999, Fox was criminally convicted of the crime of attempted enterprise
According to the plea allocution upon which his conviction was based, Fox had knowledge of
Specifically, Fox, while acting as a registered representative at Goldmen, and others,
per compensation to avoid required regulatory reporting; and falsifying business records to conceal
Specifically, Lamarti, while acting as a registered representative at Goldmen, and others,
making misrepresentations and failing to disclose material facts concerning the business,
misrepresenting and failing to disclose material facts concerning the true market, liquidity,
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