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NYSE Hearing Panel Decision 04-151/Gregory Shane Harris, former registered representative
An NYSE Hearing Panel met to consider a Stipulation of Facts and Consent to Penalty entered into between the NYSE’s Division of Enforcement and Gregory Shane Harris, a former registered representative with U.S. Bancorp Piper Jaffray Inc. (the “Firm”). Without admitting or denying guilt, Mr. Harris consents to findings by the Hearing Panel that he cancelled and re-billed losing transaction in his personal account to a customer without authorization; deposited a check for purchase of securities in his personal account on insufficient funds; caused a violation of Regulation T by purchasing stock in his personal account without resources to pay for such stock.
12/31/2004
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NYSE Hearing Panel Decision 04-162/Paul Edward Maines, former registered representative
An NYSE Hearing Panel conducted a hearing on charges brought by the NYSE’s Division of Enforcement against Paul Edward Maines, a former registered representative with Morgan Stanley Dean Witter, Inc. Mr. Maines was charged with having violated NYSE Rule 477 in that he failed to appear and testify and failed to submit a written statement.
12/31/2004
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NYSE Hearing Panel Decision 04-167/Julio Martinez, former non-registered employee
An NYSE Hearing Panel conducted a hearing on charges brought by the NYSE’s Division of Enforcement against Julio Martinez, a former non-registered employee with Quick & Reilly, Inc. (the “Firm”). Mr. Martinez was charged with having misappropriated customer funds; changed customer name and address, and caused account statements to be sent to address other than the customer’s, without authorization; caused a violation of NYSE Rule 409(b)(2) by causing customer account statements and other communications to be addressed to an address under his control; caused a violation of NYSE Rule 440 and SEC Regulations 240.17a-3 and 240.17a-4 by improperly causing customer record to be changed.
12/31/2004
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NASD Notice to Members 04-93
NASD Short Sale Requirements/Issues Relating to the SEC’s Adoption of Regulation SHO
12/30/2004
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NYSE Hearing Panel Decision 04-133/Jeffrey Scott Lafferty, Former Registered Representative
Jeffrey Scott Lafferty was found to have misappropriated customer funds; effected unauthorized transfers of customer funds between accounts; submitted forged Letters of Authorization; issued unapproved correspondence to a customer; caused violations of NYSE Rule 440 and SEC Rules 17a-3 and 17a-4 by submitting forged Letters of Authorization; violated NYSE Rule 352(c)(ii) by reimbursing a customer for losses; caused a violation of NYSE Rule 342.16 by sending unreviewed correspondence to a customer; violated NYSE Rule 476(a)(4) by making material misstatements to the NYSE – Censure and permanent bar.
12/30/2004
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NYSE Hearing Panel Decision 04-137/Donna Jackson Killough, Former Registered Representative
Without admitting or denying guilt, Donna Jackson Killough consented to a finding by the Hearing Panel that she caused a violation of NYSE Rule 440 and SEC Rule 17a-4(b)(4) promulgated under the ’34 Act in that she caused her firm to make and preserve inaccurate books and records – Consent to censure and five-month bar.
12/30/2004
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SIA - United States Department of the Treasury Financial
Interpretation of Suspicious Activity Reporting Requirements to Permit the Unitary Filing of Suspicious Activity and Blocking Reports
12/29/2004
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NASD Notice to Members 04-95
NASD Issues Reminder to Members Regarding the Municipal Securities Rulemaking Board’s Implementation of Real-Time Reporting and Dissemination of Transactions in Municipal Securities
12/28/2004
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NYSE Information Memo 04-61
On November 24, 2004, the Securities and Exchange Commission (“SEC”) approved New York Stock Exchange, Inc. (“NYSE” or the “Exchange”) Rule 416A (“Member and Member Organization Profile Information Updates and Quarterly Certifications Via the Electronic Filing Platform”), which requires members and member organizations (“Member Firms”) to promptly update their organizational information via the Electronic Filing Platform (“EFP”),1 and to make quarterly certifications that their organizational information is complete and accurate (Exhibit A).
12/28/2004
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NYSE Information Memo 04-62
The Securities and Exchange Commission (“SEC”) is required to adjust the filing and securities transaction fee rates on an annual basis, after consultation with the Congressional Budget Office and the Office of Management and Budget.
12/28/2004
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