> NASD Registered Person: STEVEN ERNEST MUTH
> CRD Number: 1436358
>
> REGULATORY ACTIONS(cont.)
>
> Resolution
> Details:
>
> Summary: [TOP]CASE ID #C3A910020 (DISTRICT NO. 3) FILED 1/31/91
> AGAINST
> RESPONDENTS WILLIAM BARTON FINANCIAL, INC. (WBF) AND
> STEVEN
> ERNEST MUTH (MUTH) ALLEGING VIOLATIONS OF ARTICLE III,
>
> SECTIONS 1,4,18,23,24,25,27 AND 43 OF THE RULES OF FAIR
>
> PRACTICE IN THAT MUTH AIDED AND ABETTED A SCHEME TO
> MANIPULATE
> THE MARKET PRICE OF A STOCK; WBF, THROUGH MUTH, SOLD
>
> UNREGISTERED SECURITIES TO MEMBERS OF THE PUBLIC; WBF,
> THROUGH
> MUTH, EFFECTED SECURITIES TRANSACTIONS AT PRICES WHICH
> WERE
> NOT REASONABLY RELATED TO THE PREVAILING MARKET PRICE OF
> THE
> SECURITIES, FAILED TO INFORM INVESTORS OF THE EXCESSIVE
>
> MARKUPS, AND, IN CONNECTION WITH SUCH TRANSACTIONS,
> ENGAGED IN
> DECEPTIVE AND FRAUDLENT DEVICES; MUTH ENTERED INTO AN
>
> AGREEMENT WITH CUSTOMERS AND ENGAGED IN OUTSIDE BUSINESS
>
> DEALINGS WITHOUT PROVIDING PRIOR WRITTEN NOTICE TO HIS
> MEMBER
> FIRM; DECISION RENDERED 11/21/91, WHEREIN THE OFFER OF
>
> SETTLEMENT SUBMITTED BY MUTH WAS ACCEPTED; THEREFORE,
> MUTH IS
> CENSURED, FINED $2,500, SUSPENDED FROM ASSOCIATION WITH
> ANY
> MEMBER OF NASD IN ANY CAPACITY FOR 10 BUSINESS DAYS, AND
>
> SUSPENDED FROM ASSOCIATION WITH ANY MEMBER OF THE NASD
> IN ANY
> PRINCIPAL OR OWNERSHIP CAPACITY FOR ONE YEAR; PRESS
> RELEASE
> 1/92: THE SUSPENSION IN ANY CAPACITY WILL BE FROM
> 2/10/92 TO
> 2/24/92. THE SUSPENSION IN ANY PRINCIPAL OR OWNERSHIP
> CAPACITY
> WILL BE FROM 2/10/92 TO 2/9/93. ***PER FINES AND COSTS
>
> NOTIFICATION RECEIVED 1/24/92 INVOICE #91-3A-1373 STEVEN
> E.
> MUTH FILED BANKRUPTCY ON 12/90***
>
>
> |
