Paul Joseph Benz
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 51046 / January 14, 2005
Admin. Proc. File No. 3-11523
In the Matter of the Application of PAUL JOSEPH BENZ For Review of Action Taken by |
ORDER SUSTAINING DISCIPLINARY ACTION TAKEN BY REGISTERED SECURITIES ASSOCIATION
On the basis of the Commission's opinion issued this day, it is
ORDERED that the disciplinary action taken by NASD against Paul Joseph Benz be, and NASD's assessment of costs, be, and they hereby are, sustained.
By the Commission.
Jonathan G. Katz
Secretary
Endnotes
Conduct Rule 2110 requires the observance of high standards of commercial honor and just and equitable principles of trade. The Commission has found that a violation of the securities laws, including the net capital rule, is a violation of Conduct Rule 2110. See Gerhauser, 53 S.E.C. at 942-43.