UNITED STATES OF AMERICA
In the Matter of
CHRISTOPHER J. RICHARDSON
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 Christopher J. Richardson ("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:
Christopher J. Richardson, 36, was a registered representative at A.S. Goldmen & Co., Inc. ("Goldmen") from August 1991 - March 1993 and from April 1994 - March 1996. Richardson was also a registered representative at the following broker-dealers registered with the Commission: D.H. Blair & Co., Inc. (November 1989 - August 1991); Gruntal & Co. Incorporated (March 1993 - April 1994); Meyers Pollock Robbins, Inc. (March 1996 - October 1996); Castle Securities Corp. (June 1997 - August 1997); Lloyd Wade Securities Inc. (August 1997 - April 1998); L.B. Saks, Inc. (January 1997 - June 1998); and First Liberty Investment Group, Inc. (June 1998 - December 1998). Richardson is a resident of New York.
B. State Criminal Conviction
On October 13, 2000, Richardson was criminally convicted of Violation of General Business Law §351 upon the entry of his plea of guilty by the Supreme Court for the State of New York. Richardson was sentenced to probation and to pay forfeiture in the amount of $18,000. According to the indictment and plea allocution upon which his conviction was based, Richardson, acting as a registered representative at Goldmen, engaged in fraud by: (1) making material false representations and statements while engaged in inducing and promoting the issuance, distribution, exchange, sale, negotiation and purchase of certain securities that he sold to at least one investor.
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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