SEC v FIRST FIDELITY SECURITIES GROUP


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Keywords & Phrases

CaseNo: 34-47362, Defendant: First Fidelity Securities Group, Plaintiff: SEC, State: NY New York, UniqueCaseRef: SEC>34-47362, Disgorgement, Distribution Plan, Commission, Securities, Disgorgement Fund, Offering, Exchange Commission, Pursuant, Essex County, Irvington, Municipal Offerings, Calculating, United States, Proceeding, Matter, First Fidelity Securities, Fidelity Securities Group, Proposed Plan, Profit, Jersey, Paying, Sum, Amount, Net Profit, Disgorgement Plus, Chart, Ccmua, Claimant, Disgorgement Obligation, Margaret , ContentID: 120255865

Case Documents

2003-02-13

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 133155

2 pages
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Total Documents: 1 document , 2 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

DISTRIBUTION PLAN
COMMISSION
SECURITIES
DISGORGEMENT FUND
OFFERING
EXCHANGE COMMISSION
PURSUANT
ESSEX COUNTY
IRVINGTON
MUNICIPAL OFFERINGS
CALCULATING
UNITED STATES
PROCEEDING
MATTER
FIRST FIDELITY SECURITIES
FIDELITY SECURITIES GROUP
PROPOSED PLAN
PROFIT
JERSEY
PAYING
SUM
AMOUNT
NET PROFIT
DISGORGEMENT PLUS
CHART
CCMUA
CLAIMANT
DISGORGEMENT OBLIGATION
MARGARET

United States of America
before the
Securities and Exchange Commission

Securities Exchange Act of 1934
Release No. 47362 / February 13, 2003

Administrative Proceeding
File No. 3-8917
     _________________________________________________________________

   In the Matter of

   FIRST FIDELITY SECURITIES GROUP,

   Respondent.
     _________________________________________________________________


Notice of Proposed Plan of Disgorgement Distribution and Opportunity for
Comment

   Notice is hereby given, pursuant to Rule 612 of the Rules of Practice
   of the United States Securities and Exchange Commission (the
   "Commission"), 17 C.F.R. § 201.612, that the Division of Enforcement
   has filed its Proposed Plan of Disgorgement Distribution
   ("Distribution Plan") in this matter with the Commission.

Opportunity to Comment

   Pursuant to this notice, all interested parties are advised that the
   Distribution Plan may be obtained by submitting a written request to
   Sheldon Mui, U. S. Securities and Exchange Commission, Northeast
   Regional Office, 233 Broadway, 16th Floor, New York, NY 10279.
   Further, all persons desiring to comment on the Distribution Plan may
   submit their views, in writing, to the Office of the Secretary, U. S.
   Securities and Exchange Commission, 450 Fifth Street, N.W.,
   Washington, DC 20549-0609, no later than March 17, 2003.

The Distribution Plan

   Pursuant to an Order entered by the Commission on consent on January
   9, 1996, First Fidelity Securities Group ("FFSG") paid the Commission
   disgorgement and prejudgment interest of $1,793,309.43 (the
   "Disgorgement Fund"). The Disgorgement Fund represents an estimate of
   FFSG's profit from underwriting business it obtained from Essex
   County, New Jersey, Irvington, New Jersey, and the Camden County
   Municipal Utilities Authority ("CCMUA") after paying undisclosed

SNIPPETS:

Securities and Exchange Commission

Notice of Proposed Plan of Disgorgement Distribution and Opportunity for Comment

Notice is hereby given, pursuant to Rule 612 of the Rules of Practice of the United States

Pursuant to an Order entered by the Commission on consent on January 9, 1996, First Fidelity

The Disgorgement Fund represents an estimate of FFSG's profit from underwriting business it

The Disgorgement Fund was created by calculating a disgorgement figure for each of the

The disgorgement figure for each offering was based upon an approximation of the net profit

Interest was calculated for each disgorgement sum and the total amount of disgorgement plus

The Distribution Plan provides that the Disgorgement Fund will be allocated among Essex

Margaret H. McFarland


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