UNITED STATES OF AMERICA
|In the Matter of||: ORDER MAKING FINDINGS|
|:AND IMPOSING REMEDIAL SANCTIONS|
|Robin A. Heiney||:|
On March 3, 1999, the Securities and Exchange Commission ("Commission") issued an Order Instituting a Public Proceeding Pursuant to Sections 15(b)(6) and 19(h) of the Securities Exchange Act of 1934 ("Exchange Act") against Robin A. Heiney ("Heiney").
Heiney has submitted to the Commission an Offer of Settlement which the Commission has determined to accept. Solely for the purpose of these proceedings 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, except those contained in paragraphs II(A) and (B) below, which are admitted, Heiney consents to the entry of this Order Making Findings and Imposing Remedial Sanctions ("Order").
On the basis of this Order and the Offer of Settlement submitted by Heiney, the Commission finds that:
A. From approximately August 1989 to April 1990, Heiney was associated as a registered representative with Brennan Ross Securities, Inc. ("Brennan Ross"). From May 1990 through August 1990, he was associated as a registered representative of National Securities Corp. ("National"). Brennan Ross and National were, at all relevant times, broker-dealers registered with the Commission.
B. On January 18, 1995, Heiney was convicted, on his plea of guilty, of one count of securities fraud. United States v. Robin A. Heiney, Case No. 94-CR-339-S (D. Colo. 1995).
C. In his plea agreement, Heiney admitted that he was paid undisclosed compensation, totaling approximately $13,249, for promoting and selling U.S. Mint stock.
D. On January 30, 1995, Heiney was sentenced to five years of probation, and ordered to pay a $2,000 fine.
In view of the foregoing, it is in the public interest to impose the sanctions specified in the Offer of Settlement.
Accordingly, IT IS ORDERED THAT Heiney be, and hereby is, barred from association with any broker or dealer.
By the Commission.
Jonathan G. Katz
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