Prudential Securities, Incorporated
SECURITIES ACT OF 1933
Release No. 7947 / January 30, 2001
ADMINISTRATIVE PROCEEDINGS
FILE No.3-10413
In the Matter of PRUDENTIAL SECURITIES,
Respondent. |
: |
ORDER UNDER RULE 602(e) UNDER THE SECURITIES ACT OF 1933, GRANTING A WAIVER OF THE DISQUALIFICATION PROVISIONS OF RULE 602(c)(3) |
The Regulation E exemption is not available for the securities of an issuer if a director, officer, principal security holder, investment adviser or underwriter of the securities to be offered, or any partner, director or officer of such investment adviser or underwriter, is subject to a Commission order pursuant to Section 15(b) of the Exchange Act. See Rule 602(c)(3) under the Securities Act of 1933 ("Securities Act"). The Commission may waive the disqualification upon a showing of good cause. See Rule 602(e).
Based on the representations set forth in PSI's request, the Commission has determined that a showing of good cause has been made pursuant to Rule 602(e) and that the request for a waiver of the disqualification should be granted. Accordingly,
IT IS ORDERED, pursuant to Rule 602(e) under the Securities Act, that a waiver from the application of the disqualification provision of Rule 602(c)(3) under the Securities Act resulting from the entry of the Order is hereby granted.
By the Commission.
Jonathan G. Katz
Secretary