U.S. Securities and Exchange Commission
LITIGATION Release No. 17425 / March 20, 2002
Securities and Exchange Commission v. Patrick J. Rooney and Adrian Antoniu Alexander, U.S. District Court for the District of Columbia (Misc. No. 02-00134) (ESH)
SEC SEEKS ENFORCEMENT OF PENALTY ORDER AGAINST PATRICK J. ROONEY AND ADRIAN ANTONIU ALEXANDER
On March 20, 2002, the Securities and Exchange Commission filed an application in the United States District Court for the District of Columbia to enforce a Commission order requiring Patrick J. Rooney and Adrian Antoniu Alexander to pay penalties of $700,000 and $100,000, respectively. The penalty obligations arose out of a settled cease-and-desist order that the Commission issued against Rooney and Alexander on June 13, 2001. The order found that Rooney and Alexander had violated Section 15(a) of the Securities Exchange Act and prior Commission orders barring them from associating with any broker or dealer, investment company, investment adviser or municipal securities dealer. The order required them to cease and desist from such violations, barred them from association with any broker or dealer, and ordered them to pay the penalties of $700,000 and $100,000. Rooney and Alexander consented to the issuance of the order without admitting or denying the Commission's findings. See Litigation Release No. 44414 (June 13, 2001). Neither Rooney nor Alexander has paid the civil penalties.
The Commission's action seeks an order commanding Rooney and Alexander to comply with the civil penalty provisions of the June 13, 2001 order.