UNITED STATES OF AMERICA
SECURITIES EXCHANGE ACT OF 1934
The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that a public administrative proceeding be, and hereby is, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") against Christopher James Brand ("Brand").
In anticipation of the institution of these proceedings, Brand has submitted an Offer of Settlement ("Offer") that the Commission has determined to accept. Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the Commission's findings contained herein, except as to the jurisdiction of the Commission over him and over the subject matter of this proceeding, and the fact of his criminal conviction set forth in paragraph III.2 below, which are admitted, Brand consents to the entry of this Order Pursuant to Section 15(b) of the Securities and Exchange Act of 1934 Instituting Proceedings, Making Findings and Imposing Remedial Sanctions ("Order").
On the basis of this Order and the Offer submitted by Brand, the Commission finds that:1
1. Brand, age 33, was a registered representative from July 1997 to April 1998 at A.S. Goldmen & Co. Inc. ("A.S. Goldmen"), a broker-dealer registered with the Commission. Brand is a citizen and resident of England.
2. On May 12, 2000, Brand was criminally convicted of the crime of Violation of General Business Law §352-C, a Class A misdemeanor, upon the entry of his plea of guilty by the Supreme Court of the State of New York. Brand was sentenced to a determinate sentence of imprisonment of one year.
3. The indictment underlying the criminal conviction charged, among other things, that Brand, acting as a registered representative of A.S. Goldmen, engaged in fraud by making misrepresentations and false statements regarding the nature and value of certain securities that he sold to investors.
Based on the foregoing, the Commission deems it appropriate and in the public interest to accept Brand's Offer and to impose the sanctions that are set forth in the Offer.
Accordingly, pursuant to Section 15(b) of the Exchange Act, IT IS HEREBY ORDERED that Brand be, and hereby is, barred from association with any broker or dealer.
By the Commission.
1 The findings of the Order are not binding on any other person or entity in this or any other proceeding.