UNITED STATES OF AMERICA
In the Matter of
SHIRLEY A. McKINNEY,
|ORDER MAKING FINDINGS
The Securities and Exchange Commission ("Commission") instituted public administrative proceedings against Respondent Shirley A. McKinney ("McKinney") on September 21, 2000, pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 ("Exchange Act").
Respondent McKinney 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 McKinney by her 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 McKinney, the Commission finds that:
A. At all relevant times, McKinney was a registered representative of a registered broker-dealer.
B. On April 23, 1999, McKinney pled guilty to one count of a criminal indictment charging that she participated in a criminal conspiracy to commit securities fraud, mail fraud and wire fraud. United States v. Shirley McKinney, Case No. 98-8117-003 CR-Hurley (S.D. Fla. 1998).
C. The criminal indictment alleged that between September 1993 and June 1994, while a registered representative, McKinney accepted undisclosed fees of approximately $5,225 from a promoter for inducing her clients to purchase securities of certain issuers affiliated with the promoter.
D. On July 27, 1999, McKinney was convicted and sentenced to 366 days in prison and three years of probation and ordered to pay $49,160 in restitution.
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 McKinney.
ACCORDINGLY, IT IS ORDERED that Respondent McKinney 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||