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U.S. Securities and Exchange Commission

United States of America
before the
Securities and Exchange Commission

Securities Exchange Act of 1934
Release No. 47398 / February 25, 2003

Administrative Proceeding
File No. 3-11016


In the Matter of

IGOR FLEYSHMAKHER
a/k/a ISAAC FLASH
a/k/a ISAAC MARKS

Respondent.


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ORDER ENTERING DEFAULT, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTION

The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on January 24, 2003. By letter dated February 23, 2003, Jeffrey Lichtman, Esq., the attorney for Igor Fleyshmakher, a/k/a Isaac Flash, a/k/a Isaac Marks (Fleyshmakher), advised me that Fleyshmakher has received the OIP and is willing to accept a default. Pursuant to Rules 155(a)(2) and 220(f) of the Commission's Rules of Practice, I find Fleyshmakher in default.

I further find that the following allegations in the OIP are true:

At all times relevant to this proceeding, Meyers Pollock Robbins, Inc. (Meyers Pollock) was registered with the Commission as a broker and a dealer. Meyers Pollock had its headquarters in New York, New York, was a member of the National Association of Securities Dealers, Inc., and was engaged in a general securities business. Meyers Pollock ceased its operations in 1997.

Fleyshmakher was employed by Meyers Pollock as a broker from in or about January 1996 to in or about April 1997.

On September 17, 1999, in the Supreme Court of the State of New York, County of New York, Criminal Term, Fleyshmakher pled guilty to one count of attempted enterprise corruption based upon his conduct while employed by Meyers Pollock. See People of the State of New York v. Fleyshmakher, Superior Court Information Docket No. 7120/99. Fleyshmakher was sentenced for his conduct on July 18, 2002.

The Superior Court Information filed against Fleyshmakher charged that he took part in a scheme whereby he and others at Meyers Pollock took bribes from a stock promoter and fraudulently sold stock at inflated prices to customers of Meyers Pollock.

In pleading guilty on September 17, 1999, Fleyshmakher admitted to taking bribes and passing along a portion of the bribes to other brokers at Meyers Pollock who sold stock to the public. Fleyshmakher admitted that he and a co-worker generally received payments from the stock promoter and passed along a portion of the payments to the brokers who sold stock to the public. The stocks fraudulently sold included Heng Fai China Industries, United Acquisitions, and United Entertainment.

As a result of the foregoing, it is necessary and appropriate for the protection of investors to order that Fleyshmakher be barred from association with any broker or dealer.

Accordingly, IT IS ORDERED THAT Igor Fleyshmakher, a/k/a Isaac Flash, a/k/a Isaac Marks, is barred from association with any broker or dealer pursuant to Section 15(b) of the Securities Exchange Act of 1934.

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James T. Kelly
Administrative Law Judge

 

http://www.sec.gov/litigation/admin/34-47398.htm


Modified: 02/26/2003