 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE LAW JUDGE DECISION
|
EXTRACTED KEY WORDS
SECURITIES EXCHANGE ACT RECOMMENDATIONS ACCOUNT TRADING HAMBY DEAN FREY INVESTMENT COMMISSION TRADE UNAUTHORIZED TRADING NASDAQ OPTIONS WILLIAM CUSTOMER THEREUNDER INVESTMENT OBJECTIVES ADMINISTRATIVE LAW JUDGE REGISTERED REPRESENTATIVES RESPONDENT WILLIAM SPECULATIVE INVESTMENTS QUALIFICATION FORM TRANSACTION FUTURE VIOLATIONS SUITABILITY PURCHASING CEASE-AND-DESIST ORDER IRA DISCRETION |
Initial Decision of an SEC Administrative Law Judge
Dale E. Frey, Roger A. Rawlings, and William C. Piontek
INITIAL DECISION RELEASE NO. 221
ADMINISTRATIVE PROCEEDING
FILE NO. 3-10310
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_________________________________________________________________
In the Matter of
DALE E. FREY,
ROGER A. RAWLINGS,
and WILLIAM C. PIONTEK
_________________________________________________________________
INITIAL DECISION
February 5, 2003
APPEARANCES Thomas D. Carter and James A. Scoggins for the Division of
Enforcement, Securities and Exchange Commission.
S. Lawrence Polk for Respondent William C. Piontek.
BEFORE Lillian A. McEwen, Administrative Law Judge.
SUMMARY
Respondent William C. Piontek violated Section 17(a) of the Securities
Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and
Rule 10b-5 thereunder, by willfully engaging in unauthorized trading,
and recommending unsuitable securities. This Initial Decision imposes
a bar and a cease-and-desist order on Respondent William C. Piontek.
PROCEDURAL HISTORY
The United States Securities and Exchange Commission (Commission)
instituted these proceedings on September 26, 2000, against
Respondents Dale E. Frey (Frey), Roger A. Rawlings (Rawlings), and
William C. Piontek (Piontek) pursuant to Section 8A of the Securities
Act of 1933 (Securities Act), and Sections 15(b), 19(h), and 21C of
the Securities Exchange Act of 1934 (Exchange Act). Frey and Rawlings
have settled this matter with the Commission, which issued an Order
Making Findings And Imposing Remedial Sanctions against Frey on
SNIPPETS:
|
|
|
| | | |
|
|
