UNITED STATES OF AMERICA
|In the Matter of
|ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTIONS 15(b) AND 19(h) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS|
The Securities and Exchange Commission ("Commission") deems it appropriate, for the protection of investors, and in the public interest that public administrative proceedings be instituted pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 ("Exchange Act") against Respondent Paul Kucik ("Kucik" or "Respondent").
In anticipation of the institution of these proceedings, Kucik has submitted an Offer of Settlement ("Offer") 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 contained herein, except as to jurisdiction of the Commission over Respondent and over the subject matter of this proceeding, and except as to paragraphs III.A., and B., below, which are admitted. Respondent Kucik, by his Offer, consents to the entry of this Order Instituting Public Administrative Proceedings Pursuant to Sections 15(b) and 19(h) of the Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions ("Order").
Accordingly, it is ordered that proceedings pursuant to Sections 15(b) and 19(h) of the Exchange Act be, and hereby are, instituted.
On the basis of this Order and Respondent's Offer, the Commission finds that:
In view of the foregoing, the Commission deems it appropriate, for the protection of investors, and in the public interest to impose the sanctions specified in the Respondent's Offer.
ACCORDINGLY, IT IS ORDERED that Kucik is hereby barred from association with any broker or dealer.
By the Commission.
Jonathan G. Katz
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