SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16410 / January 19, 2000
Securities and Exchange Commission v. GKN Securities Corp., 99 Civ. 12417 (MP) (S.D.N.Y. December 29, 1999)
COURT ORDERS GKN SECURITIES CORP.
The Securities and Exchange Commission today announced that the Honorable Milton Pollack, Senior United States District Judge, Southern District of New York, ordered GKN Securities Corp., a registered broker-dealer headquartered in New York City, to comply with an order that the Commission had issued against GKN on January 15, 1997. Without admitting or denying the allegations in the Commission's complaint, GKN consented to the court's order which was entered on December 29, 1999. The Commission's complaint made the following allegations: