Eric Pereman

Securities Exchange Act Of 1934
Release No. 47399 / February 25, 2003

Administrative Proceeding
File No. 3-11017

I.

Respondent Eric Pereman is in default under Rule 155(a) of the Securities and Exchange Commission's (Commission) Rules of Practice, 17 C.F.R. § 201.155(a), because he has failed to file an Answer to the Order Instituting Proceedings (OIP), which Answer, by the terms of the OIP, was due on February 14, 2003. Furthermore, by letter, dated February 23, 2003, Respondent, by counsel, states that he has received the OIP and that he will accept a disposition by default.

II.

Accordingly, I find the allegations in the OIP, dated January 24, 2003, are true:

A. At all times relevant to this proceeding, Meyers Pollock Robbins, Inc. (Meyers Pollock) was a broker-dealer registered with the Commission and headquartered in New York, New York. It was a member of the National Association of Securities Dealers, Inc. (NASD), and engaged in a general securities business. Meyers Pollock ceased its operations in 1997.

B. Pereman was employed by Meyers Pollock as a broker from in or about January 1996 to in or about October 1996.

C. On September 17, 1999, in the Supreme Court of the State of New York, County of New York, Criminal Term, Pereman pled guilty to one count of attempted enterprise corruption based upon his conduct while employed by Meyers Pollock. The People of the State of New York v. Eric Pereman, Superior Court Information Docket No. 7119/99. Pereman was sentenced for his conduct on July 18, 2002.

D. The Superior Court Information filed against Pereman charged that he took part in a scheme whereby he and others at Meyers Pollock took bribes from a stock promoter and fraudulently sold stock at inflated prices to customers of Meyers Pollock.

E. In pleading guilty to the court on September 17, 1999, Pereman admitted to taking bribes and to passing along a portion of the bribe to other brokers at Meyers Pollock who sold stock to the public. Pereman admitted that he and a co-worker generally received payments from the stock promoter and passed along a portion of the payment to brokers who sold the stock to the public. The securities fraudulently sold included Heng Fai China Industries, United Acquisitions, and United Entertainment.

III.

As a result of the foregoing, it is necessary and appropriate for the protection of investors to order that Pereman be barred from association with any broker or dealer pursuant to Section 15(b) of the Securities Exchange Act of 1934.

Accordingly, IT IS ORDERED THAT Eric Pereman is barred from association with any broker or dealer.