Commission Opinions and Adjudicatory Orders

This page features opinions and orders issued by the Commission in connection with its adjudication of administrative proceedings, appeals from initial decisions of ALJs, and appeals from SRO or PCAOB action.

The links below direct you to the docket pages for such adjudicatory proceedings as well as to docket pages for respondents’ requests to vacate bars under Koch v. SEC or Bartko v. SEC. The docket pages contain the Commission opinions and orders as well as significant pleadings for such matters.

Date	Respondents
Date: Sept. 22, 2010	Respondents: Dagong Global Credit Rating Co., Ltd. Release No. 34-62968 File Number: 3-13860
Date: Sept. 20, 2010	Respondents: David G. Ghysels and Kenneth E. Mahaffy, Jr. Release No. 34-62937, IA-3085, 34-68462 File Number: 3-13481
Date: Sept. 13, 2010	Respondents: Leslie A. Arouh Release No. 34-62898 File Number: 3-13701
Date: Sept. 13, 2010	Respondents: Wind Energy America Inc. Release No. 34-62894 File Number: 3-13782
Date: Sept. 10, 2010	Respondents: Joseph Ricupero Release No. 34-62891 File Number: 3-13727
Date: Aug. 5, 2010	Respondents: Gately & Associates, LLC and James P. Gately, CPA Release No. 34-62656 See Also: Order Denying Request for Nonpublic Hearing File Number: 3-13535
Date: Aug. 4, 2010	Respondents: BCI Telecom Holding, Inc. Release No. 34-62649 File Number: 3-13888
Date: Aug. 4, 2010	Respondents: Manuel P. Asensio Release No. 34-62645 File Number: 3-13733
Date: Aug. 3, 2010	Respondents: Theodore W. Urban Release No. 34-62630, 34-66259 File Number: 3-13655
Date: July 23, 2010	Respondents: James C. Dawson Release No. IA-3057 File Number: 3-13579
Date: July 2, 2010	Respondents: vFinance Investments, Inc. and Richard Campanella Release No. 34-62448 File Number: 3-12918
Date: July 1, 2010	Respondents: Dan Rapoport Release No. 34-62427 File Number: 3-13304
Date: June 24, 2010	Respondents: Luis Miguel Cespedes Release No. 34-62374 File Number: 3-12988r
Date: June 18, 2010	Respondents: John Gardner Black Release No. IA-3040 See Also: Court of Appeals Opinion File Number: 3-9599
Date: June 18, 2010	Respondents: Michael Frederick Siegel Release No. 34-62324 See Also: Court of Appeals Opinion File Number: 3-12659r
Date: June 17, 2010	Respondents: Manuel P. Asensio Release No. 34-62315 See Also: Court of Appeals Opinion File Number: 3-13733
Date: June 10, 2010	Respondents: Lasersight, Inc., et al., Loehmann's, Inc. (Order Dismissing Loehmann's, Inc. From Proceeding) Release No. 34-62257 File Number: 3-13817
Date: May 26, 2010	Respondents: John M.E. Saad Release No. 34-62178 See Also: Court of Appeals Opinion
Date: May 6, 2010	Respondents: Gregory S. Profeta Release No. 34-62055 File Number: 3-13810
Date: April 23, 2010	Respondents: PennMont Securities and Joseph D. Carapico (Order Granting Motion to Dismiss Application for Review) Release No. 34-61967 File Number: 3-13623
Date: April 23, 2010	Respondents: John A. Carley, Eugene C. Geiger, Thomas A. Kaufmann, Edward H. Price and Christopher H. Zacharias (Order Dismissing Fraud and Reporting Allegations) Release No. 33-9118, 34-61966, 33-8888 See Also: Court of Appeals Opinion File Number: 3-11626r
Date: April 16, 2010	Respondents: Diane M. Keefe Release No. 34-61928, IA-3016, IC-29207 File Number: 3-13337
Date: April 13, 2010	Respondents: John Gardner Black and Devon Capital Management (Order Denying in Part and Granting in Part Petition to Set Aside Bar Order) Release No. IA-3015 File Number: 3-9599
Date: March 26, 2010	Respondents: Timothy P. Pedregon, Jr. Release No. 34-61791 File Number: 3-13610
Date: March 26, 2010	Respondents: Phillip J. Milligan Release No. 34-61790 File Number: 3-13482
Date: Feb. 22, 2010	Respondents: Consumers Financial Corporation Release No. 34-61561 File Number: 3-13628
Date: Feb. 18, 2010	Respondents: Edward J. Jakubik, Jr. Release No. 34-61541
Date: Feb. 4, 2010	Respondents: Don Warner Reinhard (Order Denying Summary Affirmance and Remanding for Additional Proceedings) Release No. 34-61506, IA-2984 File Number: 3-13280
Date: Feb. 1, 2010	Respondents: Janet Gurley Katz Release No. 34-61449 See Also: Court of Appeals Opinion File Number: 3-13279
Date: Dec. 23, 2009	Respondents: Chris G. Gunderson, Esq. Release No. 34-61234 File Number: 3-12653
Date: Dec. 15, 2009	Respondents: Gregory O. Trautman Release No. 33-9088A, 34-61167A File Number: 3-12559
Date: Dec. 14, 2009	Respondents: Kevin Hall, CPA and Rosemary Meyer, CPA Release No. 34-61162, AAER-3080 File Number: 3-12208
Date: Dec. 11, 2009	Respondents: Guy P. Riordan Release No. 33-9085, 34-61153 See Also: Court of Appeals Opinion File Number: 3-12829
Date: Dec. 10, 2009	Respondents: Kirlin Securities, Inc. Anthony Kirincic and Andrew Israel Release No. 34-61135 File Number: 3-13422
Date: Dec. 10, 2009	Respondents: James Gerard O'Callaghan Release No. 34-61134 File Number: 3-12668
Date: Dec. 7, 2009	Respondents: Scott Mathis Release No. 34-61120 File Number: 3-13335
Date: Nov. 20, 2009	Respondents: Joseph John VanCook Release No. 34-61039A File Number: 3-12753
Date: Nov. 4, 2009	Respondents: Kevin M. Glodek Release No. 34-60937 See Also: Court of Appeals Opinion
Date: Oct. 23, 2009	Respondents: Rodney R. Schoemann Release No. 33-9076 File Number: 3-12943
Date: Oct. 2, 2009	Respondents: Fannie Mae Securities Litigation (Order Denying Petition for Review) Release No. 34-60772
Date: Sept. 29, 2009	Respondents: Thomas C. Bridge, James D. Edge and Jeffrey K. Robles Release No. 33-9068, 34-60736 File Number: 3-12626
Date: Sept. 17, 2009	Respondents: Martin A. Armstrong Release No. IA-2926 See Also: Court of Appeals Opinion File Number: 3-13121
Date: Aug. 14, 2009	Respondents: Andrew P. Gonchar and Polyvios T. Polyviou Release No. 34-60506 See Also: Court of Appeals Opinion File Number: 3-13243
Date: Aug. 14, 2009	Respondents: North Woodward Financial Corp. and Douglas A. Troszak Release No. 34-60505 File Number: 3-13324
Date: July 22, 2009	Respondents: Gregory W. Gray, Jr. Release No. 34-60361 File Number: 3-13344
Date: July 20, 2009	Respondents: Kevin Hall, CPA and Rosemary Meyer, CPA Release No. 34-60346, AAER-3017 File Number: 3-12208
Date: July 17, 2009	Respondents: Timothy H. Emerson, Jr. Release No. 34-60328 File Number: 3-13334
Date: July 16, 2009	Respondents: Mitchell M. May nard and Dorice A. May nard (Order Denying Motion for Reconsideration) Release No. IA-2901, IA-2875 See Also: Opinion, Release No. IA-2875 File Number: 3-13008
Date: June 26, 2009	Respondents: Husky Trading LLC, Eugene O'Brien, Michael Inemer, and Stephen Floirendo Release No. 34-60180 File Number: 3-13096
Date: May 29, 2009	Respondents: Maria T. Giesige Release No. 34-60000, IA-2886 File Number: 3-12747
Date: May 15, 2009	Respondents: Mitchell M. May nard and Dorice A. May nard Release No. IA-2875 File Number: 3-13008
Date: May 14, 2009	Respondents: Boston Options Exchange Group, LLC (Order Dismissing Application for Review) Release No. 34-59927 File Number: 3-13088
Date: May 6, 2009	Respondents: William D. Shovers (Order Denying Motion to Lift Temporary Suspension and Directing Hearing) Release No. 34-59874 File Number: 3-13412
Date: April 8, 2009	Respondents: Scott B. Gann Release No. 34-59729, IA-2684 See Also: Court of Appeals Per Curiam Order
Date: March 13, 2009	Respondents: Richard B. Feinberg Release No. 34-59577
Date: March 10, 2009	Respondents: Joseph John VanCook (Order Denying Request for Extension of Time, Postponement, or Adjournment) Release No. 34-59550, IC-28644
Date: Feb. 27, 2009	Respondents: Markland Technologies, Inc. Release No. 34-59476
Date: Feb. 13, 2009	Respondents: Luis Miguel Cespedes Release No. 34-59404
Date: Feb. 13, 2009	Respondents: Gary M. Kornman Release No. 34-59403, IA-2840 See Also: Court of Appeals Opinion
Date: Jan. 30, 2009	Respondents: Scott Epstein Release No. 34-59328
Date: Jan. 30, 2009	Respondents: Michael Stegawski Release No. 34-59326
Date: Jan. 30, 2009	Respondents: CMG Institutional Trading, LLC and Shawn D. Baldwin Release No. 34-59325
Date: Jan. 21, 2009	Respondents: Nature's Sunshine Products, Inc. Release No. 34-59268
Date: Jan. 9, 2009	Respondents: Thomas W. Heath, III Release No. 34-59223 See Also: Court of Appeals Opinion
Date: Dec. 30, 2008	Respondents: Nature's Sunshine Products, Inc. Release No. 34-59181
Date: Dec. 22, 2008	Respondents: Salvatore F. Sodano (Order Reversing Initial Decision and Remanding for Further Proceedings) Release No. 34-59141 See Also: Court of Appeals Opinion
Date: Dec. 22, 2008	Respondents: Jason A. Craig Release No. 34-59137
Date: Dec. 19, 2008	Respondents: Ronald Pellegrino Release No. 34-59125
Date: Dec. 10, 2008	Respondents: Birman Managed Care, Inc. (n/k/a Alcar Chemicals Group, Inc.) (Order Granting Motion to Amend Order Instituting Proceedings) Release No. 34-59074
Date: Dec. 2, 2008	Respondents: Byron S. Rainner Release No. 34-59040, IA-2811 File Number: 3-1282
Date: Dec. 1, 2008	Respondents: World Associates, Inc. Release No. 34-59034
Date: Nov. 21, 2008	Respondents: Brendan E. Murray Release No. IA-2809, IC-28519 File Number: 3-12436
Date: Nov. 14, 2008	Respondents: Alvin W. Gebhart, Jr. and Donna T. Gebhart Release No. 34-58951
Date: Nov. 14, 2008	Respondents: Howard Brett Berger Release No. 34-58950 See Also: Court of Appeals Opinion
Date: Nov. 7, 2008	Respondents: Vincent M. Uberti Release No. 34-58917
Date: Nov. 7, 2008	Respondents: James W. Browne and Kevin Calandro Release No. 34-58916
Date: Oct. 17, 2008	Respondents: Justin F. Ficken Release No. 34-58802, IA-2803
Date: Oct. 15, 2008	Respondents: Victor Teicher (Order Denying Motion to Modify Bar Order) Release No. 34-58789, IA-2799
Date: Oct. 8, 2008	Respondents: Joseph John VanCook (Order Granting Partial Protective Order) Release No. 34-58756, IC-28436
Date: Oct. 6, 2008	Respondents: Michael Frederick Siegel Release No. 34-58737 See Also: Court of Appeals Opinion
Date: Sept. 24, 2008	Respondents: Michael Sassano Release No. 34-58632
Date: Aug. 22, 2008	Respondents: Geoffrey Ortiz Release No. 34-58416
Date: Aug. 7, 2008	Respondents: Thomas C. Bridge, James D. Edge, and Jeffrey K. Robles Release No. 33-8952, 34-58329, IC-28353
Date: July 25, 2008	Respondents: John D. Audifferen Release No. 34-58230
Date: July 18, 2008	Respondents: Boston Stock Exchange, Inc., Chicago Board Options Exchange, Inc., International Securities Exchange, LLC, Nasdaq Stock Market LLC, National Stock Exchange, Inc., NYSE Arca, Inc., and New York Stock Exchange, LLC (Order Dismissing Application for Review of National Market System Plans Action Pursuant to Rule 608(d) Under the Securities Exchange Act of 1934) Release No. 34-58191
Date: July 1, 2008	Respondents: Wanda P. Sears Release No. 34-58075
Date: July 1, 2008	Respondents: Douglas J. Toth Release No. 34-58074 See Also: Court of Appeals Opinion
Date: June 30, 2008	Respondents: Scott G. Monson Release No. IC-28323 File Number: IC-28323
Date: June 30, 2008	Respondents: Robert Radano Release No. IA-2750 File Number: 3-12084
Date: June 30, 2008	Respondents: Telcoblue, Inc. (Order Dismissing Proceeding) Release No. 34-58061
Date: June 30, 2008	Respondents: Thomas C. Bridge, James D. Edge, and Jeffrey K. Robles (Order Granting Partial Protective Order as to Thomas C. Bridge) Release No. 33-8939, 34-58064, IC-28326
Date: June 30, 2008	Respondents: Thomas C. Bridge, James D. Edge, and Jeffrey K. Robles (Order Granting Partial Protective Order as to Jeffrey K. Robles) Release No. 33-8938, 34-58063, IC-28325
Date: June 30, 2008	Respondents: Thomas C. Bridge, James D. Edge, and Jeffrey K. Robles (Order Granting Partial Protective Order as to James D. Edge) Release No. 33-8937, 34-58062, IC-28324
Date: May 23, 2008	Respondents: Impax Laboratories, Inc. Release No. 34-57864
Date: May 23, 2008	Respondents: Schon-Ex, LLC Release No. 34-57857
Date: May 23, 2008	Respondents: Kevin Hall, CPA, and Rosemary Meyer, CPA Release No. 34-57855
Date: May 20, 2008	Respondents: James Gerard O'Callaghan Release No. 34-57840
Date: May 20, 2008	Respondents: Robert M. Ryerson (Order Granting Motion to Dismiss Petition for Review) Release No. 34-57839
Date: April 30, 2008	Respondents: Nasdaq Stock Market, LLC Release No. 34-57741
Date: April 30, 2008	Respondents: Matthew Brian Proman Release No. 34-57740