UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 46910 / November 26, 2002

Administrative Proceeding
File No. 3-10955

I.

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") against Yezhak Dov Knoll ("Knoll" or "Respondent").

II.

In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the "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 herein, except as to the Commission's jurisdiction over him and the subject matter of these proceedings, and the findings contained in Section III.2 below, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Proceedings, Making Findings, and Imposing Remedial Sanctions Pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Order"), as set forth below.

III.

On the basis of this Order and Respondent's Offer, the Commission finds that:

1. From August 1980 through October 1997, Knoll was a registered representative associated with Datek Securities Corp., a broker-dealer registered with the Commission pursuant to Section 15(b) of the Exchange Act. Knoll, 46 years old, is a resident of Brooklyn, New York.
    
2. A Final Judgment of Permanent Injunction and Other Relief was entered against Respondent by the United States District Court for the Southern District of New York, in an action styled Securities and Exchange Commission v. Ari Parnes, et al., Civil Action No. 01 Civ. 0763 (LLS) (THK) (S.D.N.Y., Judgment entered November 7, 2002), permanently enjoining Respondent from future violations of Section 10(b) of the Exchange Act [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], and Sections 5(a) and 5(c) of the Securities Act of 1933 [15 U.S.C. §§ 77e(a) and 77e(c)].
    
3. The Commission's complaint in SEC v. Ari Parnes, et al. alleged, with respect to Knoll, as follows: From August 1995 to December 1995, while employed as a registered representative at Datek Securities Corp., Knoll participated in a fraudulent scheme involving the unregistered sale of securities of ImmunoGen, Inc., and the manipulation of ImmunoGen's stock price through, among other things, illegal short sales, pre-arranged trading, "marking the close," and "piling on."

IV.

In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions specified in Respondent Knoll's Offer.

ACCORDINGLY, IT IS HEREBY ORDERED:

Pursuant to Section 15(b)(6) of the Exchange Act, Respondent Knoll be, and hereby is barred from association with any broker or dealer, with the right to reapply for association after three (3) years to the appropriate self-regulatory organization, or if there is none, to the Commission.

By the Commission.

Jonathan G. Katz
Secretary

http://www.sec.gov/litigation/admin/34-46910.htm