SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 46510 / September 18, 2002
File No. 3-10893
ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ROBERT F. CURLEY
On September 18, 2002, the Commission entered an Order Instituting Public Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Order) against Robert F. Curley (Curley) of Dorchester, Massachusetts based on his criminal conviction for conspiracy to commit securities fraud, mail fraud and wire fraud. United States v. Robert Curley, Case No. 99-8110-003 CR-Hurley (S.D. Fla. 1999).
The Order alleges that Curley pled guilty to one count of an indictment charging him with conspiracy to commit securities fraud, mail fraud and wire fraud. The indictment alleged that while employed as a registered representative at a registered broker-dealer, Curley accepted bribes from a promoter for inducing his clients to purchase the securities of certain issuers affiliated with the promoter. The indictment also alleged that Curley received additional compensation from the promoter to recruit other brokers to participate in the stock manipulation scheme. Curley was sentenced to three years of probation and ordered to perform 100 hours of community service.
A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Curley an opportunity to dispute these allegations, and to determine what sanctions, if any, are appropriate and in the public interest.