SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Rel. No.41845 \ September 9, 1999
Admin. Proc. File No. 3-9759
In the Matter of :
WILLIAM SCOTT & CO., L.L.C. :
NOTICE THAT INITIAL DECISION HAS BECOME FINAL AS TO RESPONDENT WILLIAM SCOTT & CO., L.L.C.
The time for filing a petition for review of the initial decision in this proceeding has expired. No such petition has been filed by respondent William Scott & Co., L.L.C. ("Scott"), and the Commission has not chosen to review the decision on its own initiative. Two other respondents in this matter have filed a petition for review of the initial decision, and we have granted their petition. 1
Accordingly, notice is hereby given, pursuant to Rule 360(e) of the Commission's Rules of Practice, that the initial decision of the administrative law judge 2 has become the final decision of the Commission, as to Scott. The order contained in that decision declared that Scott cease and desist from committing or causing violations of Section 17(a) of the Securities Exchange Act of 1934, 3and Rule 17a-5 thereunder.4 The order also censured Scott and fined the firm $20,000.
Such payment by Scott shall be: (a) made within 30 days, (b) made by United States postal money order, certified check, bank cashier's check, or bank money order; (c) made payable to the Securities and Exchange Commission; (d) mailed to the Comptroller, Securities and Exchange Commission, 6432 General Green Way, Suite B, Mail Stop 0-3, Alexandria, Virginia 22312; and (e) submitted under cover letter which identifies William Scott & Co., L.L.C. as a respondent in this proceeding, as well as the Commission's case number. A copy of said cover letter and money order or check shall be sent to Kathryn A. Pyszka, Midwest Regional Office, Securities and Exchange Commission, 500 West Madison Street, Suite 400, Chicago, Illinois 60661-2511.
For the Commission by the Office of General Counsel, pursuant to delegated authority.
Jonathan G. Katz
--Stonegate Securities, Inc., Order Granting Petitions for Review and Scheduling Briefs, Admin. Proc. File No. 3-9759 (Sept. 3, 1999).
--Certain Broker-Dealers Who Failed to File All or Part of Form BD-Y2K, Initial Decision Rel. No. 146 (Aug. 2, 1999), SEC Docket .
--15 U.S.C. ' 78q(a).
--17 C.F.R. ' 240.17a-5.