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: Oct. 28, 2005	Respondents: Fox & Company Investments, Inc., and James W. Moldermaker Release No. 34-52697
Date: Oct. 28, 2005	Respondents: Paz Securities, Inc. and Joseph Mizrachi Release No. 34-52693 See Also: Court of Appeals Opinion
Date: Oct. 13, 2005	Respondents: Mark F. Mizenko Release No. 34-52600
Date: Oct. 11, 2005	Respondents: Castle Securities Corp. Release No. 34-52580
Date: Oct. 7, 2005	Respondents: Jeffrey A. King Release No. 34-52571
Date: Oct. 4, 2005	Respondents: Monetta Financial Services, Inc. Release No. IA-2438 File Number: 3-9546
Date: Oct. 3, 2005	Respondents: Steven E. Muth and Richard J. Rouse Release No. 33-8622, 34-52551
Date: Sept. 19, 2005	Respondents: Frederick W. Wall Release No. 34-52467
Date: Aug. 5, 2005	Respondents: Anthony Johnson and Ara Proudian Release No. 34-52215
Date: July 29, 2005	Respondents: Clarke T. Blizzard Release No. IA-2409 File Number: 3-10007-EAJA
Date: July 22, 2005	Respondents: Ko Securities, Inc. and Terrance Y. Yoshikawa Release No. 34-52106
Date: July 6, 2005	Respondents: Robert J. Prager and James Alexander Release No. 34-51974 File Number: 3-11627
Date: June 30, 2005	Respondents: Rita J. McConville Release No. 34-51950, AAER-2271 See Also: Court of Appeals Decision , Court of Appeals Order Supplementing Decision
Date: June 30, 2005	Respondents: Larry A. Saylor Release No. 34-51949
Date: June 24, 2005	Respondents: Robert W. Armstrong, III Release No. 34-51920, AAER-2264
Date: June 17, 2005	Respondents: SIG Specialists, Inc. f/k/a Susquehanna Specialists, Inc. and Thomas A. Caterina Release No. 34-51867
Date: June 2, 2005	Respondents: Davrey Financial Services, Inc. and Pravin R. Davrey Release No. 34-51780
Date: May 23, 2005	Respondents: Fundamental Portfolio Advisors, Inc., Lance M. Brofman and Fundamental Service Corporation Release No. 33-8574, 34-51725, IA-2389, IC-26875
Date: May 5, 2005	Respondents: James Thomas McCurdy, CPA Release No. 34-51660, AAER-2245 See Also: CPA Release No. AAER-1952 PDF version
Date: April 29, 2005	Respondents: Nicholas T. Avello Release No. 34-51633 See Also: Court of Appeals Decision
Date: April 29, 2005	Respondents: Jose P. Zollino Release No. 34-51632, IA-2381
Date: April 15, 2005	Respondents: Rooney A. Sahai Release No. 34-51549
Date: April 6, 2005	Respondents: E. Magnus Oppenheim & Co., Inc. Release No. 34-51479
Date: April 1, 2005	Respondents: Michael A. Rooms Release No. 34-51467 See Also: Court of Appeals Opinion
Date: March 18, 2005	Respondents: Philip L. Pascale, CPA Release No. 33-8555, 34-51393, AAER-2214
Date: Feb. 25, 2005	Respondents: Leslie A. Arouh Release No. 34-51254 See Also: Reconsideration Order File Number: 3-10884
Date: Feb. 22, 2005	Respondents: Morton Kantrowitz Release No. 34-51238 See Also: PDF version File Number: 3-11372
Date: Feb. 22, 2005	Respondents: Reuben D. Peters and Peters Securities Co., LP Release No. 34-51237 See Also: PDF version File Number: 3-11277
Date: Feb. 22, 2005	Respondents: Harry M. Richardson Release No. 34-51236 See Also: PDF version File Number: 3-11437
Date: Jan. 14, 2005	Respondents: Guang Lu Release No. 34-51047 See Also: PDF version File Number: 3-11522
Date: Jan. 14, 2005	Respondents: Paul Joseph Benz Release No. 34-51046 See Also: PDF version File Number: 3-11523
Date: Dec. 22, 2004	Respondents: Robert Langley Release No. 34-50917 See Also: PDF version File Number: 3-11511
Date: Dec. 20, 2004	Respondents: Leslie A. Arouh Release No. 34-50889 See Also: PDF version , Reconsideration Order File Number: 3-10884
Date: Dec. 3, 2004	Respondents: Michael Batterman and Randall B. Batterman III Release No. IA-2334 See Also: PDF version File Number: 3-11259
Date: Nov. 30, 2004	Respondents: Michael T. Studer and Castle Securities Corp. Release No. 34-50786 See Also: PDF version File Number: 3-11426
Date: Nov. 30, 2004	Respondents: Michael T. Studer and Castle Securities Corp. Release No. 34-50543A See Also: PDF version File Number: 3-11426
Date: Nov. 24, 2004	Respondents: PTR, Inc. and Dennis McBride Release No. 34-50737 See Also: Inc. and Dennis McBride PDF version , Court of Appeals Opinion File Number: 3-11470
Date: Nov. 23, 2004	Respondents: Mark S. Parnass Release No. 34-50730 See Also: PDF version File Number: 3-4393
Date: Nov. 23, 2004	Respondents: Daniel S. Lezak Release No. 34-50729, AAER-2149 PDF version See Also: PDF version File Number: 3-11675
Date: Nov. 18, 2004	Respondents: John A. Carley, et al. Release No. 34-50695 See Also: et al. PDF version File Number: 3-11626
Date: Nov. 18, 2004	Respondents: Joseph J. Vastano, Jr. Release No. 34-50691 See Also: Jr. PDF version File Number: 3-11376
Date: Nov. 4, 2004	Respondents: Nicholas P. Howard Release No. 34-50633 See Also: PDF version , Court of Appeals Opinion File Number: 3-8873
Date: Oct. 20, 2004	Respondents: Lee Gura Release No. 34-50570 See Also: PDF version File Number: 3-11414
Date: Oct. 14, 2004	Respondents: Michael T. Studer and Castle Securities Corp. Release No. 34-50543 See Also: PDF version File Number: 3-11426
Date: Oct. 12, 2004	Respondents: e-Smart Technologies, Inc. Release No. 34-50514 See Also: Inc. PDF version File Number: 3-10977
Date: Oct. 12, 2004	Respondents: Allen Douglas Securities, Inc. Release No. 34-50513 See Also: Inc. PDF version File Number: 3-11405
Date: Sept. 30, 2004	Respondents: Carroll A. Wallace, CPA Other No.: AAER-2119 See Opinion (public://migration/litigation/opinions/34-48372.htm) Release No. 34-50480 See Also: PDF version File Number: 3-9862
Date: Sept. 30, 2004	Respondents: James F. Glaza, d/b/a Falcon Financial Services, Inc. Other No.: 34-50474 Release No. 33-8498 See Also: PDF version File Number: 3-11012
Date: Sept. 20, 2004	Respondents: Michael T. Studer Release No. 34-50411 See Also: PDF version , Reconsideration order available File Number: 3-11229
Date: Sept. 16, 2004	Respondents: Scott E. Wiard Release No. 34-50393 See Also: PDF version File Number: 3-11402
Date: Sept. 10, 2004	Respondents: Marshall Financial, Inc. Release No. 34-50343 See Also: Inc. PDF version File Number: 3-11380, 3-11381
Date: Sept. 7, 2004	Respondents: Lek Securities Corp. and Samuel F. Lek Release No. 34-50324 See Also: PDF version File Number: 3-11383
Date: Aug. 19, 2004	Respondents: Joseph J. Vastano, Jr. Release No. 34-50219 See Also: Jr. PDF version File Number: 3-11376
Date: Aug. 9, 2004	Respondents: Russell W. Stein Release No. 34-50168 See Also: PDF version File Number: 3-9309
Date: July 16, 2004	Respondents: Chris Dinh Hartley Release No. 34-50031 See Also: PDF version File Number: 3-11369
Date: July 16, 2004	Respondents: e-Smart Technologies, Inc. f/k/a Plainview Laboratories, Inc. Release No. 34-50030 See Also: Inc. PDF version File Number: 3-10977
Date: July 13, 2004	Respondents: IFG Network Securities, Inc., William Kissinger, Kissinger Advisory, Inc., Bert Miller, Glenn Wilkinson, and David Ledbetter Release No. 34-50008, 33-8252 See Also: and David Ledbetter PDF version , Release No. 33-8252 File Number: 3-11179
Date: July 13, 2004	Respondents: MicroCap Marketing, Inc. and Shane M. Nelson Release No. 33-8441 See Also: Inc. and Shane M. Nelson PDF version File Number: 3-11310
Date: July 7, 2004	Respondents: Michael Flanagan, Ronald Kindschi, and Spectrum Administration, Inc. Release No. 33-8437 See Also: Inc. PDF version File Number: 3-9784-EAJA
Date: July 6, 2004	Respondents: Edgar B. Alacan Release No. 33-8436 See Also: PDF version File Number: 3-10765
Date: June 23, 2004	Respondents: Clarke T. Blizzard and Rudolph Abel Release No. IA-2253 See Also: PDF version File Number: 3-10007
Date: June 18, 2004	Respondents: Peter F. Comas Release No. 34-49894 See Also: PDF version File Number: 3-9803
Date: June 7, 2004	Respondents: Reuben D. Peters and Peters Securities Co., LP Release No. 34-49819 See Also: LP PDF version File Number: 3-11277
Date: June 1, 2004	Respondents: The Rockies Fund, Inc., Stephen G. Calandrella, Charles M. Powell, Clifford C. Thygesen, and John C. Power Release No. 34-49788 See Also: and John C. Power PDF version File Number: 3-9615
Date: May 19, 2004	Respondents: Gina M. Guzzone Release No. 34-49727 See Also: PDF version File Number: 3-11358
Date: May 7, 2004	Respondents: Citadel Securities Corp. Release No. 34-49666 See Also: PDF version File Number: 3-11329
Date: April 30, 2004	Respondents: RichMark Capital Corporation and Doyle Mark White Release No. 33-8417 See Also: PDF version File Number: 3-9954
Date: April 8, 2004	Respondents: Anthony H. Barkate Release No. 34-49542 See Also: PDF version File Number: 3-11250
Date: March 10, 2004	Respondents: Amr Elgindy and Key West Securities, Inc. Release No. 34-49389 See Also: Inc. PDF version File Number: 3-11145
Date: March 8, 2004	Respondents: Bearcat, Inc., Seth Diamond, and Peter Fineberg Release No. 34-49375 See Also: and Peter Fineberg PDF version File Number: 3-11004
Date: March 5, 2004	Respondents: Orlando Joseph Jett Release No. 33-8395, 34-49366 PDF version See Also: PDF version File Number: 3-8919
Date: Feb. 23, 2004	Respondents: Charles Trento Release No. 33-8391 File Number: 3-9933
Date: Feb. 13, 2004	Respondents: Toni Valentino Release No. 34-49255 See Also: PDF version File Number: 3-11191
Date: Feb. 13, 2004	Respondents: Mark H. Love Release No. 34-49248 See Also: PDF version File Number: 3-11164
Date: Feb. 10, 2004	Respondents: Dane S. Faber Release No. 34-49216 See Also: PDF version File Number: 3-11156
Date: Feb. 4, 2004	Respondents: James Thomas McCurdy, CPA Release No. 34-49182, AAER-1952 PDF version See Also: CPA Release No. AAER-1952 PDF version File Number: 3-10509
Date: Jan. 14, 2004	Respondents: Bloomberg L.P. Release No. 34-49076 See Also: PDF version File Number: 3-11129
Date: Jan. 12, 2004	Respondents: Stephen Michael Sohmer and Spyder Securities, Inc. Release No. 34-49052 See Also: Inc. PDF version File Number: 3-11101
Date: Dec. 29, 2003	Respondents: Enron Corporation Release No. 35-27782 See Also: PDF version File Number: 3-10909
Date: Dec. 29, 2003	Respondents: Edward I. Frankel Release No. 34-49002 File Number: 3-2783
Date: Dec. 29, 2003	Respondents: Ciro Cozzolino Release No. 34-49001 File Number: 3-4403
Date: Dec. 29, 2003	Respondents: Stephen S. Wien Release No. 34-49000 File Number: 3-6102
Date: Dec. 17, 2003	Respondents: Stuart E. Winkler Release No. 33-8348 See Also: PDF version File Number: 3-9933
Date: Dec. 16, 2003	Respondents: Calvin David Fox Release No. 34-48927, 34-54840 See Also: PDF version File Number: 3-11062
Date: Dec. 12, 2003	Respondents: Marshall Financial, Inc. Release No. 34-48917 See Also: Inc. PDF version File Number: 3-11073
Date: Dec. 11, 2003	Respondents: Zion Capital Management LLC and Ricky A. Lang Release No. 33-8345A, 34-48904A, IC-26289A, IA-2200A PDF version See Also: IA-2200A PDF version File Number: 3-10659
Date: Dec. 11, 2003	Respondents: William C. Piontek Release No. 33-8344, 34-48903 PDF version See Also: PDF version File Number: 3-10310
Date: Dec. 3, 2003	Respondents: Nicholas T. Avello Release No. 34-48866 See Also: PDF version File Number: 3-10391
Date: Nov. 7, 2003	Respondents: David M. Levine and Triple J Partners, Inc. Release No. 34-48760 See Also: Inc. PDF version , Court of Appeals Opinion File Number: 3-10816
Date: Nov. 7, 2003	Respondents: Robert J. Setteducati Release No. 33-8334 See Also: PDF version
Date: Nov. 7, 2003	Respondents: RichMark Capital Corporation and Doyle Mark White Release No. 33-8333, 34-48758 PDF version See Also: PDF version File Number: 3-9954
Date: Oct. 31, 2003	Respondents: Calvin David Fox Release No. 34-48731, 34-54840 See Also: PDF version File Number: 3-11062
Date: Oct. 28, 2003	Respondents: Richard Kwiatkowski Release No. 34-48707 See Also: PDF version File Number: 3-10864
Date: Oct. 24, 2003	Respondents: Del Mar Financial Services, Inc., Kevin C. Dills, Private Brokers Corporation, Robert A. Roberts, and Matthew R. Jennings Release No. 33-8314, 34-48691 PDF version See Also: and Matthew R. Jennings Release No. 34-48691 PDF version , Reconsideration order available File Number: 3-9959
Date: Oct. 23, 2003	Respondents: Robert G. Weeks Release No. 33-8313, 34-48684 PDF version See Also: PDF version File Number: 3-9952
Date: Oct. 9, 2003	Respondents: Anthony A. Adonnino and Thomas Cannizzaro Release No. 34-48618 See Also: Court of Appeals Opinion File Number: 3-10916
Date: Oct. 2, 2003	Respondents: The Barr Financial Group, Inc. and Alfred E. Barr Release No. IA-2179 See Also: Reconsideration order available File Number: 3-9918
Date: Oct. 2, 2003	Respondents: The Rockies Fund, Inc., Stephen G. Calandrella, Charles M. Powell, Clifford C. Thygesen, John C. Power Release No. 34-48590 File Number: 3-9615
Date: Sept. 30, 2003	Respondents: National Association of Securities Dealers, Inc. and NASDAQ Stock Market, Inc. Release No. 34-48573 File Number: 3-10772
Date: Sept. 26, 2003	Respondents: Edward John McCarthy Release No. 34-48554 See Also: Court of Appeals Opinion File Number: 3-10999