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. 26, 2003	Respondents: Ko Securities, Inc. and Terrance Y. Yoshikawa Release No. 34-48550 File Number: 3-11000
Date: Sept. 10, 2003	Respondents: Pacific On-Line Trading & Securities, Inc. and Timothy Alan McAdams Release No. 34-48473 File Number: 3-11001
Date: Sept. 3, 2003	Respondents: Perpetual Securities, Inc. Rel. No. 34-48433 Release No. 34-48433 File Number: 3-10958
Date: Aug. 26, 2003	Respondents: Piper Capital Management, Inc., Marijo A. Goldstein, Robert H. Nelson, Amy K. Johnson, and Molly J. Destro Rel. Nos. 34-48409, IC-26167, IA-2163 Release No. 33-8276, 34-48409, IC-26167, IA-2163 See Also: Court of Appeals Opinion File Number: 3-9657
Date: Aug. 25, 2003	Respondents: Byron G. Borgardt and Eric M. Banhazl Rel. No. IC-26169 Release No. 33-8274, IC-26169 File Number: 3-9730
Date: Aug. 25, 2003	Respondents: Robert M. Fuller Rel. No. 34-48406 Release No. 33-8273, 34-48406 File Number: 3-10576
Date: Aug. 21, 2003	Respondents: Terence Michael Coxon, Alan Michael Sergyand World Money Managers Rel. Nos. 34-48385, IA-2161, IC-26165 Release No. 33-8271, 34-48385, IA-2161, IC-26165 File Number: 3-9218
Date: Aug. 20, 2003	Respondents: Wheat, First Securities, Inc., f/k/a First Union Capital Markets Corp. and Teressa L. Cawley Release No. 34-48378
Date: Aug. 20, 2003	Respondents: Carroll A. Wallace, C.P.A. Rel. No. AAER-1846 See Order (public://migration/litigation/opinions/34-50480.htm) Release No. 34-48372, AAER-1846 File Number: 3-9862
Date: Aug. 15, 2003	Respondents: Mark David Anderson Rel. No. 34-48352 Release No. 33-8265, 34-48352 File Number: 3-9499
Date: Aug. 13, 2003	Respondents: Derek L. DuBois Rel. No. 34-48332 Release No. 33-8264, 34-48332 File Number: 3-10033
Date: Aug. 6, 2003	Respondents: James L. Bari, Jr. Release No. 34-48292 File Number: 3-11048
Date: July 30, 2003	Respondents: Michael Flanagan, Ronald Kindschi, and Spectrum Administration, Inc. Rel. No.: IA-2152 Release No. 34-48255, IA-2152 File Number: 3-9784
Date: July 30, 2003	Respondents: Ralph W. LeBlanc Release No. 34-48254 File Number: 3-10065
Date: July 29, 2003	Respondents: Michael J. Marrie, CPA and Brian L. Berry, CPA Rel. No.: AAER-1823 Release No. 34-48246, AAER-1823 File Number: 3-9966
Date: July 29, 2003	Respondents: Nolan Wayne Wade Release No. 34-48245 File Number: 3-10650
Date: July 28, 2003	Respondents: Barry C. Scutillo Rel. No.: AAER-1822 Release No. 34-48238, AAER-1822 File Number: 3-9863
Date: July 25, 2003	Respondents: Marshall E. Melton and Asset Management & Research, Inc. Rel. No.: 34-48228 Release No. IA-2151, 34-48228 File Number: 3-9865
Date: July 15, 2003	Respondents: Fundamental Portfolio Advisors, Inc., Lance M. Brofman, and Fundamental Service Corporation Release No. 33-8251 File Number: 3-9461
Date: July 10, 2003	Respondents: Feeley & Willcox Asset Management Corp. and Michael J. Feeley Rel. Nos.: 34-48162 , IA-2143 Release No. 33-8249, 34-48162, IA-2143 See Also: Reconsideration order available File Number: 3-9571
Date: July 9, 2003	Respondents: Richard J. Adams Release No. 34-48146 File Number: 3-8327-EAJ
Date: July 9, 2003	Respondents: Robert Thomas Clawson Release No. 34-48143 File Number: 3-9208
Date: June 26, 2003	Respondents: Robert Bruce Lohmann Release No. 34-48092 File Number: 3-10611
Date: June 25, 2003	Respondents: David I. Cassuto Release No. 34-48087 File Number: 3-10944
Date: June 9, 2003	Respondents: Monetta Financial Services, Inc., Robert S. Bacarella,and Richard D. Russo Release No. 33-8239, 34-48001, IA-2136, IC-26070 File Number: 3-9546
Date: June 4, 2003	Respondents: WHX Corporation Release No. 34-47980 File Number: 3-9634
Date: May 14, 2003	Respondents: Wendell D. Belden Release No. 34-47859 File Number: 3-10888
Date: May 14, 2003	Respondents: John J. Kenny and Nicholson/Kenny Capital Management, Inc. Release No. 33-8234 See Also: Court of Appeals Opinion File Number: 3-9611
Date: May 2, 2003	Respondents: Clarence Z. Wurts Release No. 34-47784 File Number: 3-9114-EAJ
Date: April 3, 2003	Respondents: John R. D'Alessio, and D'Alessio Securities, Inc. Release No. 34-47627 See Also: Reconsideration order available , Court of Appeals Opinion File Number: 3-10460
Date: April 3, 2003	Respondents: MFS Securities Corp. Release No. 34-47626 See Also: Court of Appeals Opinion File Number: 3-10696
Date: March 27, 2003	Respondents: Charles K. Seavey Release No. IA-2119 File Number: 3-10336
Date: March 26, 2003	Respondents: Robert L. McCook Release No. 34-47572 File Number: 3-9440-EAJA
Date: March 21, 2003	Respondents: The City of Miami, Florida Release No. 33-8213 File Number: 3-10022
Date: March 20, 2003	Respondents: Javed Anver Latef and Larry Alan Stockett Release No. 34-47542 File Number: 3-9374
Date: March 19, 2003	Respondents: Tower Trading, L.P. Release No. 34-47537 See Also: Reconsideration order available File Number: 3-10359
Date: March 19, 2003	Respondents: Robert Tretiak Release No. 34-47534 File Number: 3-10424
Date: March 19, 2003	Respondents: Kenneth R. Ward Release No. 33-8210, 34-47535 File Number: 3-9327
Date: March 14, 2003	Respondents: Russell W. Stein, Ford D. Albritton, Jr.,and Dover and Associates, Inc. Release No. 34-47504 File Number: 3-9309
Date: March 14, 2003	Respondents: John Roger Faherty Release No. 34-47502 File Number: 3-9778
Date: March 14, 2003	Respondents: William J. Gallagher Release No. 34-47501 File Number: 3-10749
Date: March 10, 2003	Respondents: James B. Chase Release No. 34-47476 File Number: 3-10586
Date: March 7, 2003	Respondents: Barry Wayne Blank Release No. 34-47461 File Number: 3-10671
Date: Feb. 12, 2003	Respondents: Nicholas P. Howard Release No. 34-47357 See Also: Court of Appeals Opinion File Number: 3-8873
Date: Feb. 10, 2003	Respondents: Jack H. Stein Release No. 34-47335 File Number: 3-10675
Date: Jan. 22, 2003	Respondents: John Montelbano, Gerard McMahon, and Michael Galasso, Jr. Release No. 34-47227 See Also: Reconsideration order available File Number: 3-10428
Date: Jan. 9, 2003	Respondents: Charles F. Kirby and Gene C. Geiger Release No. 33-8174 See Also: Court of Appeals Opinion File Number: 3-9602
Date: Jan. 8, 2003	Respondents: Michael F. Flannigan Release No. 34-47142 File Number: 3-10530
Date: Nov. 7, 2002	Respondents: Nicholas T. Avello Release No. 34-46780 File Number: 3-10391
Date: Oct. 30, 2002	Respondents: Frank Thomas Devine Release No. 34-46746 File Number: 3-10518
Date: Oct. 23, 2002	Respondents: Ernst & Young LLP Release No. 34-46710, AAER-1654 File Number: 3-10786
Date: Oct. 23, 2002	Respondents: Warren B. Minton, Jr. Release No. 34-46709 File Number: 3-10636
Date: Oct. 23, 2002	Respondents: Daniel D. Manoff Release No. 34-46708 File Number: 3-10499
Date: Oct. 22, 2002	Respondents: David A. Hesterman and Kenneth L. Weeks Release No. 33-8139, 34-46715 File Number: 3-9952
Date: Sept. 18, 2002	Respondents: Gary A. Fox Release No. 34-46511 File Number: 3-10787
Date: Aug. 30, 2002	Respondents: Christopher A. Lowry Release No. IA-2052 File Number: 3-10390
Date: Aug. 30, 2002	Respondents: David E. Lynch Release No. 34-46439 File Number: 3-9440
Date: Aug. 23, 2002	Respondents: Joseph P. Galluzzi Release No. 34-46405 File Number: 3-10209
Date: July 26, 2002	Respondents: Daniel Richard Howard Release No. 34-46269 See Also: Court of Appeals Opinion , and Reconsideration order File Number: 3-10392
Date: July 3, 2002	Respondents: John S. Brownson Release No. 34-46161 File Number: 3-10295
Date: June 26, 2002	Respondents: George J. Kolar Release No. 34-46127 File Number: 3-9570
Date: May 17, 2002	Respondents: Daniel R. Lehl, Robert Schlien, American Capital Network, Inc., Melvin L. Levine, William David Jones, and Philip M. Georgeson Release No. 33-8102 File Number: 3-9201
Date: May 15, 2002	Respondents: John P. Goldsworthy Release No. 34-45926 File Number: 3-9339
Date: May 14, 2002	Respondents: Sandra K. Simpson and Daphne Ann Pattee Release No. 34-45923 File Number: 3-9458
Date: April 29, 2002	Respondents: John R. D'Alessio, and D'Alessio Securities, Inc. Release No. 34-45846 File Number: 3-10460
Date: April 23, 2002	Respondents: Clarke T. Blizzard and Rudolph Abel Release No. IA-2032 File Number: 3-10007
Date: April 23, 2002	Respondents: Clarke T. Blizzard Release No. IA-2030 File Number: 3-10007
Date: April 4, 2002	Respondents: Fu-Sung Peter Wu Release No. 34-45694 File Number: 3-9024
Date: April 4, 2002	Respondents: Howard R. Perles and Laurence M. Geller Release No. 34-45691 File Number: 3-10288
Date: April 4, 2002	Respondents: Erik W. Chan Rel. No.: 34-45693 Release No. 33-8078, 34-45693 File Number: 3-9697
Date: March 21, 2002	Respondents: Herbert Moskowitz Release No. 34-45609 File Number: 3-9435
Date: Feb. 13, 2002	Respondents: Keith Springer Release No. 34-45439 See Also: Reconsideration order available File Number: 3-10247
Date: Feb. 13, 2002	Respondents: Frank Kufrovich Release No. 34-45437 File Number: 3-10461
Date: Feb. 8, 2002	Respondents: David Wong Release No. 34-45426 File Number: 3-10360
Date: Jan. 24, 2002	Respondents: Brian A. Schmidt, John Aristotle Dilworth, II, and Euro-Atlantic Securities, Inc. Rel. No.: 34-45330 Release No. 33-8061, 34-45330 File Number: 3-9402
Date: Jan. 16, 2002	Respondents: Kevin D. Kunz and Kunz and Cline Investment Mgmt., Inc. Release No. 34-45290 See Also: Court of Appeals Opinion File Number: 3-9960
Date: Jan. 15, 2002	Respondents: Michael Lubin Release No. 34-45281 File Number: 3-10183
Date: Dec. 17, 2001	Respondents: Kirk Montgomery Release No. 34-45161
Date: Nov. 5, 2001	Respondents: IMS/CPAs & Associates, Vernon T. Hall, Stanley E. Hargrave, and Jerome B. Vernazza Release No. 33-8031 File Number: 3-9042
Date: Oct. 19, 2001	Respondents: Robert Fitzpatrick Release No. 34-44956 File Number: 3-9932r
Date: Oct. 18, 2001	Respondents: Hal S. Herman Release No. 34-44953 File Number: 3-10193
Date: Oct. 18, 2001	Respondents: Jim Newcomb Release No. 34-44945 File Number: 3-10393
Date: Oct. 17, 2001	Respondents: Outsource International, Inc. Release No. 34-44944 File Number: 3-10403
Date: Oct. 15, 2001	Respondents: Quest Capital Strategies, Inc. and David Chen Yu Release No. 34-44935 File Number: 3-8966
Date: Oct. 15, 2001	Respondents: Stonegate Securities, Inc. and J. W. Barclay & Co., Inc. Release No. 34-44933 File Number: 3-9759
Date: Aug. 1, 2001	Respondents: Brian Prendergast Release No. 34-44632 File Number: 3-9964
Date: July 31, 2001	Respondents: BFG Securities, Inc. Release No. 34-44627 File Number: 3-10202
Date: July 31, 2001	Respondents: Abraham and Sons Capital, Inc. and Brett G. Brubaker Release No. 34-44624 File Number: 3-9448
Date: July 13, 2001	Respondents: Mark E. Ross Release No. 34-43033 File Number: 3-4627
Date: May 30, 2001	Respondents: Whitehall Wellington Investments, Inc. Release No. 34-44367 File Number: 3-10250
Date: May 29, 2001	Respondents: Michael B. Jawitz Release No. 34-44357 File Number: 3-9941
Date: May 21, 2001	Respondents: Pasquale Schettino Release No. 34-44329 File Number: 3-9921
Date: May 21, 2001	Respondents: A. S. Goldmen & Co., Inc. and Stuart E. Winkler Release No. 34-44328
Date: May 1, 2001	Respondents: Morton Kantrowitz Release No. 34-44239 File Number: 3-10349
Date: April 26, 2001	Respondents: Martin Lee Eng Release No. 34-44224 File Number: 3-10009
Date: April 19, 2001	Respondents: Richard J. Adams Release No. 34-44205 See Also: Court of Appeals Opinion File Number: 3-8327-EAJ
Date: April 17, 2001	Respondents: Russo Securities, Inc., and Kimberly Kent Release No. 34-44186 File Number: 3-9484
Date: March 20, 2001	Respondents: Michael J. Markowski Release No. 34-44086
Date: Feb. 21, 2001	Respondents: American Investment Services, Inc. Release No. 34-43991 File Number: 3-10001
Date: Feb. 14, 2001	Respondents: Marc N. Geman Release No. 34-43963 See Also: Court of Appeals Opinion File Number: 3-9032