WHAT A JOKE->COMMISSION SUSPENDS CALVIN MOORE, JR. FROM ASSOCIATION WITH ANY BROKER OR
DEALER FOR NINETY DAYS
On October 6, the Commission issued an administrative Order against
Calvin E. Moore, Jr. of Hillside, New Jersey. The Commission’s Order
finds that Moore was previously enjoined by a U.S. District Court from
violations of Sections 5(a) and 5(c) of the Securities Act of 1933
(Securities Act). Based on that injunction, the Commission’s Order
suspends Moore from association with any broker or dealer for ninety
days. Moore consented to the issuance of the order without admitting or
denying its findings, except that Moore admitted the existence of the
injunction against him.
According to the Commission’s order, on June 27, 2003, judgment was
entered by consent against Moore, permanently enjoining him from future
violations of Sections 5(a) and 5(c) of the Securities Act in the civil
action entitled Securities and Exchange Commission v. Wall Street
Management Group, et al. (Case No. 01-CV-0726) in the U.S. District
Court for the Southern District of New York.
The Commission’s complaint in the district court action alleged, among
other things, that, through the use of a nominee account, Moore received
unregistered shares of Systems of Excellence, Inc. stock from the
president of the company and resold those shares in a series of
unregistered, non-exempt transactions. (Rel. 34-50496, File No. 3-
11697) |
