United States Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 47183 / January 14, 2003
File No. 3-11009
In the Matter of Jean B. Leclercq, Frederick J. Shapiro, and Kip Marsique
The United States Securities and Exchange Commission ("Commission") has instituted administrative proceedings against Jean B. Leclercq ("Leclercq"), Frederick J. Shapiro ("Shapiro"), and Kip Marsique ("Marsique") of Boca Raton, Coconut Creek, and Fort Lauderdale, Florida, respectively, pursuant to Section 15(b) of the Securities Exchange Act of 1934. The proceedings have been instituted to determine whether remedial sanctions should be imposed against Leclercq, Shapiro, and Marsique based on allegations that judgments of permanent injunction and other relief by consent were entered against them, enjoining them from further violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 alleges that during the period of October 2001 through May 2002, Leclercq, Shapiro, and Marsique were associated with Infinity Consulting Services, Inc., an unregistered broker-dealer.
A hearing will be scheduled to determine whether the allegations are true and to afford Respondents an opportunity to establish any defenses thereto, and what, if any, remedial sanctions should be imposed against the Respondents.