David Abish, Christopher Betts, Mark Charvat, James Corcoran, Paul Feeny, Robert Pratt, Mario Rodriguez, Scott Siegel, Andrew Tursi, and David Weeks

Securities Exchange Act of 1934
Release No. 50835 / December 10, 2004

Admin. Proc. File No. 3-11632

In the Matter of DAVID ABISH, CHRISTOPHER BETTS, MARK CHARVAT JAMES CORCORAN, PAUL FEENY, ROBERT PRATT, MARIO RODRIGUEZ, SCOTT SIEGEL, ANDREW TURSI, and DAVID WEEKS Respondent.

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ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT AGAINST JAMES CORCORAN

The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on September 3, 2004, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act). Respondent James Corcoran (Corcoran) was served with the OIP on September 11, 2004, and his Answer was due by October 1, 2004. See 17 C.F.R. § 201.220; OIP at 4. To date, Corcoran has not filed his Answer. Telephonic prehearing conferences were held on October 27 and December 2, 2004, neither of which Corcoran attended.

On November 30, 2004, the Division of Enforcement (Division) filed a motion for entry of a default order against Corcoran. On December 2, 2004, I issued an order requiring Corcoran to show cause on or by December 9, 2004, why he should not be held in default and why he should not be barred from association with any broker or dealer. As of today, Corcoran has failed to show such cause.

Corcorcan is in default for failing to file an Answer within the time permitted and for failing to appear at prehearing conferences. See 17 C.F.R. §§ 201.155(a), .220(f), .221(f). As authorized by Rule 155(a) of the Commission's Rules of Practice, 17 C.F.R. § 201.155(a), I find the following allegations in the OIP to be true:

Corcoran was a registered representative associated with Sterling Foster & Company, Inc. (Sterling Foster), between October 1994 and February 1997. Sterling Foster, headquartered in Melville, New York, was registered with the Commission as a broker-dealer pursuant to Section 15(b) of the Exchange Act. During February and March 2000, Corcoran was charged with defrauding investors by using fraudulent sales practices in a criminal case brought by the United States Attorney in the Southern District of New York.

On May 9, 2002, Corcoran was found guilty on one count of conspiracy to commit securities fraud, mail fraud, and wire fraud, in violation of 18 U.S.C. § 371, and five counts of securities fraud, in violation of 15 U.S.C. § 78j(b), following a jury trial before the United States District Court for the Southern District of New York, in United States v. Corcoran, 00 CR 91. On October 29, 2002, Corcoran was sentenced to twenty-four months in prison and ordered to pay $810,481 in restitution.

In view of the foregoing, I find that it is appropriate in the public interest to bar Corcoran from association with any broker or dealer.

ORDER

IT IS ORDERED THAT, pursuant to Section 15(b) of the Securities Exchange Act of 1934, James Corcoran is hereby barred from association with any broker or dealer.