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U.S. Securities and Exchange Commission

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 47048 / December 19, 2002

ADMINISTRATIVE PROCEEDING
File No. 3-10984


In the Matter of

CHRISTOPHER J. RICHARDSON

Respondent.


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ORDER INSTITUTING PROCEEDINGS
PURSUANT TO SECTION 15(b)(6)
OF THE SECURITIES EXCHANGE
ACT OF 1934, MAKING FINDINGS
AND IMPOSING REMEDIAL SANCTIONS

I.

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)(6) of the Securities Exchange Act of 1934 ("Exchange Act") against Christopher J. Richardson ("Respondent").

II.

Respondent has submitted an Offer of Settlement ("Offer") that the Commission has determined to accept. On the basis of the foregoing, Respondent hereby:

  1. Admits the jurisdiction of the Commission over him and over the matters set forth in the Order Instituting Proceedings Pursuant to Section 15(b)(6) of the Securities and Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions;

  2. Solely for the purpose of these proceedings and any other proceedings 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 in the Order, except as to the fact of his criminal conviction set forth in paragraph III.B below, which is admitted, consents to the entry of an Order by the Commission containing the following findings and remedial sanctions set forth below:

III.

On the basis of this Order and Respondent's Offer, the Commission finds that:

A. Respondent

Christopher J. Richardson, 36, was a registered representative at A.S. Goldmen & Co., Inc. ("Goldmen") from August 1991 - March 1993 and from April 1994 - March 1996. Richardson was also a registered representative at the following broker-dealers registered with the Commission: D.H. Blair & Co., Inc. (November 1989 - August 1991); Gruntal & Co. Incorporated (March 1993 - April 1994); Meyers Pollock Robbins, Inc. (March 1996 - October 1996); Castle Securities Corp. (June 1997 - August 1997); Lloyd Wade Securities Inc. (August 1997 - April 1998); L.B. Saks, Inc. (January 1997 - June 1998); and First Liberty Investment Group, Inc. (June 1998 - December 1998). Richardson is a resident of New York.

B. State Criminal Conviction

On October 13, 2000, Richardson was criminally convicted of Violation of General Business Law §351 upon the entry of his plea of guilty by the Supreme Court for the State of New York. Richardson was sentenced to probation and to pay forfeiture in the amount of $18,000. According to the indictment and plea allocution upon which his conviction was based, Richardson, acting as a registered representative at Goldmen, engaged in fraud by: (1) making material false representations and statements while engaged in inducing and promoting the issuance, distribution, exchange, sale, negotiation and purchase of certain securities that he sold to at least one investor.

IV.

Based on the foregoing, the Commission deems it appropriate and in the public interest to accept Respondent's Offer and to impose the sanctions that are set forth in the Offer.

ACCORDINGLY, IT IS ORDERED that, pursuant to Section 15(b)(6) of the Exchange Act, Respondent be, and hereby is, barred from association with any broker or dealer.

By the Commission.

Jonathan G. Katz
Secretary


http://www.sec.gov/litigation/admin/34-47048.htm


Modified: 12/20/2002