Finality Order of an Initial Decision of an SEC Administrative Law Judge
In the Matter of
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 41844 / September 9, 1999
Admin. Proc. File No. 3-9759
In the Matter of :
V.B.C. SECURITIES :
NOTICE THAT INITIAL DECISION HAS BECOME FINAL AS TO RESPONDENT V.B.C. SECURITIES
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 V.B.C. Securities, 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 V.B.C. Securities. The order contained in that decision declared that V.B.C. Securities cease and desist from committing or causing violations of Section 17(a) of the Securities Exchange Act of 1934, 3 and Rule 17a-5 thereunder. 4
The order also censured V.B.C. Securities and fined the firm $50,000. 5
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.
--It appears that the Comptroller of the Commission already has received a cashiers check from V.B.C. Securities for the full amount of the civil penalties assessed against it.