UNITED STATES OF AMERICA
In the Matter of
ORDER INSTITUTING PROCEEDINGS
The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that a public administrative proceeding be, and hereby is, instituted pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934 ("Exchange Act") against Stacey Meyers ("Respondent").
Respondent has submitted an Offer of Settlement ("Offer") that the Commission has determined to accept. On the basis of the foregoing, Respondent hereby:
On the basis of this Order and Respondent's Offer, the Commission finds that:
Stacy Meyers, 35, was employed by A.S. Goldmen & Co., Inc. ("Goldmen"), a broker dealer registered with the Commission, from 1991 through May 1998. She became an assistant trader in September 1991 and was Goldmen's head trader from December 1992. Meyers is a resident of New York.
B. State Criminal Conviction
On November 3, 1999, Meyers was criminally convicted of the crime of attempted enterprise corruption upon the entry of her plea of guilty by the Supreme Court of the State of New York and was sentenced to probation and to pay forfeiture in the amount of $23,000. Based on the plea allocution upon which her conviction was based, Meyers, engaged in fraud by: (1) falsifying business records pertaining to securities transactions in nominee accounts maintained by Goldmen; (2) refusing to execute customer sell orders; (3) executing unauthorized transactions in customer accounts; (4) suborning and offering untruthful testimony under oath in proceedings before the U.S. Securities and Exchange Commission, the New Jersey Bureau of Securities, and the National Association of Securities Dealers, Inc.; (5) misreporting trades; (6) failing to comply with "blue sky" and other registration and sale regulations; (7) charging or receiving excessive mark-up or commissions; (8) operating nominee and other controlled accounts; and (9) failing to disclose that such practices were policy at Goldmen.
Based on the foregoing, the Commission deems it appropriate and in the public interest to accept Respondent's Offer and to impose the sanctions that are set forth in the Offer.
ACCORDINGLY, IT IS ORDERED that, pursuant to Section 15(b)(6) of the Exchange Act, Respondent be, and hereby is, barred from association with any broker or dealer.
By the Commission.
Jonathan G. Katz
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