UNITED STATES OF AMERICA
In the Matter of
MICHAEL J. McEVOY,
|ORDER MAKING FINDINGS
The Securities and Exchange Commission ("Commission") instituted public administrative proceedings against Respondent Michael J. McEvoy ("McEvoy") on September 21, 2000, pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 ("Exchange Act").
Respondent McEvoy has submitted an Offer of Settlement ("Offer") to the Commission, which the Commission has determined to accept. Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of the Commission, or in which the Commission is a party, and without admitting or denying the findings contained herein, except as to the jurisdiction of the Commission over the Respondent and over the subject matter of this proceeding and as to paragraph III.A. below, and except as to the entry of the conviction set forth in paragraph III.D., below, which are admitted, Respondent McEvoy by his Offer consents to the entry of findings and remedial sanctions as set forth below.
On the basis of this Order Making Findings and Imposing Remedial Sanctions and the Offer submitted by Respondent McEvoy, the Commission finds that:
A. At all relevant times, McEvoy was a registered representative of a registered broker-dealer.
B. On April 16, 1999, McEvoy pled guilty to a criminal information charging that he participated in a criminal conspiracy to commit securities fraud, mail fraud and wire fraud. United States v. Michael J. McEvoy, Case No. 98-8115-001 CR Hurley (S.D. Fla. 1998).
C. The criminal information alleged that from in or about July 1993 through at least in or about November 1994, while a registered representative, McEvoy accepted undisclosed fees of approximately $20,270 from a promoter for inducing his clients to purchase securities of certain issuers affiliated with the promoter.
D. On July 2, 1999, McEvoy was convicted and sentenced to two years in prison and two years of probation.
In view of the foregoing, the Commission deems it appropriate and in the public interest and for the protection of investors to impose the sanctions specified in the Offer submitted by Respondent McEvoy.
ACCORDINGLY, IT IS ORDERED that Respondent McEvoy be, and hereby is, barred from association with any broker or dealer.
For the Commission, by its Secretary, pursuant to delegated authority.
Jonathan G. Katz
|Home | Previous Page||