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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION CITRON SECURITIES PROCEEDING PURSUANT ADMINISTRATIVE PROCEEDING RESPONDENT FINDINGS INSTITUTING IMPOSING SANCTIONS DATEK SECURITIES VIOLATING FRAUDULENT SCHEME EXECUTE TRADES PROFITS MATTER JEFFREY MAKING FINDINGS DEEMS SETTLEMENT HEREBY BROKER-DEALER DISTRICT PROMULGATED THEREUNDER COMPLAINT PROVISIONS PARTICIPATING WIDESPREAD FRAUDULENT SCHEME |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 47323 / February 6, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11031
_________________________________________________________________
In the Matter of
Jeffrey A. Citron,
Respondent.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE PROCEEDING PURSUANT TO SECTION
15(b)(6) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND
IMPOSING SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that a public administrative
proceeding be instituted against Jeffrey A. Citron ("Respondent" or
"Citron") pursuant to Section 15(b)(6) of the Securities Exchange Act
of 1934 ("Exchange Act").
II.
In anticipation of these administrative proceedings, Respondent has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for the purpose of this proceeding and
any other proceedings brought by or on behalf of the Commission or to
which the Commission is a party, and without admitting or denying the
findings contained herein, except as to those findings contained in
Section III.B below and as to jurisdiction of the Commission over
Respondent and over the subject matter of this proceeding, which
Respondent admits, Citron consents to the issuance of this Order
Instituting Administrative Proceeding Pursuant to Section 15(b)(6) of
the Securities Exchange Act of 1934, Making Findings, and Imposing
Sanctions ("Order").
Accordingly, IT IS ORDERED that a proceeding pursuant to Section
15(b)(6) of the Exchange Act against Citron be, and hereby is,
instituted.
SNIPPETS:
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