cont; NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
Allegations: FAILURE TO MAINTAIN REQUIRED NET CAPITAL - FINE IN THE AMOUNT
OF $2,500.00.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 08/23/1995
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $2,500.00
Resolution
Details: $2,500 FINE PAID ON 10/17/1995
Summary:
******** REGULATORY ACTION (8 of 12) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 06/20/2000
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 08/10/1995
Docket/
Case Number: C05950049
Allegations: ALLEGED VIOLATIONS OF ARTICLE III, SECTIONS 1, 4, 27 AND 43 OF
THE RULES OF FAIR PRACTICE AND SECTION 4 OF THE NASD
GOVERNMENT SECURITIES RULES IN THAT RESPONDENT MEMBER, ACTING
THROUGH THE REYNOIRS AND BICKERSTAFF, CHARGED COMMISSIONS AND
MARK-UPS ON A SERIES OF PURCHASE AND SALE TRANSACTIONS FOR
LOUISIANA?S DEPARTMENT OF INSURANCE IN VIOLATION OF THE TERMS
OF ITS AGREEMENT WITH THE DEPARTMENT.
Current Status: On Appeal
Appeal Details: 5TH U.S. COURT OF APPEALS; 03/12/1998
Resolution: Decision
Resolution Date: 03/16/1998
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $60,000.00
Resolution
Details: FINED
Summary: [TOP] COMPLAINT NO. C05950049 FILED 8/10/95 AGAINST HATTIER,
SANFORD & REYNOIR, G. REYNOIR, V. REYNOIR AND R. BICKERSTAFF
ALLEGING VIOLATIONS OF ARTICLE III, SECTIONS 1, 4, 27 AND 43
OF THE RULES OF FAIR PRACTICE AND SECTION 4 OF THE NASD
GOVERNMENT SECURITIES RULES IN THAT RESPONDENT MEMBER, ACTING
THROUGH THE REYNOIRS AND BICKERSTAFF, CHARGED COMMISSIONS AND
MARK-UPS ON A SERIES OF PURCHASE AND SALE TRANSACTIONS FOR
LOUISIANA?S DEPARTMENT OF INSURANCE IN VIOLATION OF THE TERMS
OF ITS AGREEMENT WITH THE DEPARTMENT. DECISION RENDERED
1/30/96; RESPONDENTS MEMBER AND THE REYNOIRS ARE CENSURED AND
FINED $250,000 AND ASSESSED COST OF $1,910, JOINTLY AND
SEVERALLY; WITHIN 90 DAYS OF THE ISSUANCE OF THIS DECISION,
THE FIRM WILL HIRE AN INDEPENDENT AUDITOR TO REVIEW ITS BOOKS,
RECORDS AND SUPERVISORY PROCEDURES AND WILL IMPLEMENT THE
RECOMMENDATIONS OF THE AUDITOR IN A MANNER SATISFACTORY TO THE
NASD. IF AN AUDITOR IS NOT ENGAGED WITHIN THE 90 DAYS, THE
FIRM MUST SUSPEND ALL OPERATIONS UNTIL AN AUDITOR HAS BEEN
HIRED. 2/12/96 - APPEALED TO THE NBCC BY RESPONDENTS MEMBER
AND THE REYNOIRS. 10/23/96 - DECISION RENDERED WHEREIN THE
FINDINGS MADE AND THE SANCTIONS IMPOSED ARE MODIFIED.
THEREFORE, RESPONDENTS MEMBER AND THE REYNOIRS ARE CENSURED
AND FINED $60,000, JOINTLY AND SEVERALLY. 11/22/96 -
APPEALED TO THE SEC. 1-15-98, SEC NEWS DIGEST ISSUE NO. 98-9,
THE SEC SUSTAINED NASD'S DISCIPLINARY ACTION AGAINST
RESPONDENTS. THE NASD CONCLUDED THAT THEY HAD VIOLATED RULES
10B-10, 17A-3 AND 17A-4 UNDER THE SECURITIES EXCHANGE ACT OF
1934; AND SECTION 4 OF THE NASD'S GOVERNMENT SECURITIES RULES.
THE SEC AGREED WITH THE NASD'S FINDINGS OF FACT, BUT HELD THAT
ONLY RULE 10B-10 WAS VIOLATED. (REL. 34-39543; FILE NO.
3-9190) 1/13/98; SEC AFFIRMED FINDINGS MADE AND SANCTIONS
NASDR Public Disclosure Program March 05, 2001 Page <PAGE#>
This information is current as of: 03/05/2001
________________________________________________________________________________
NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
IMPOSED. 3/12/98 - APPEALED TO THE 5TH U.S. COURT OF APPEALS.
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NASD
Date initiated: 08/10/1995
Docket/
Case Number: CO5950049
Allegations: COMMISSIONS AND MARKUPS CHARGED WERE NOT CHARACTERIZED
PROPERLY, FAILURE TO SUPERVISE.
Current Status: Final
Resolution: Settled
Resolution Date: 01/11/1999
Sanctions
Ordered: Monetary/Fine, Suspension
Monetary Amount: $60,000.00
Other Sanctions: REQUIRED THE FIRM TO ENGAGE AN INDEPENDENT AUDITOR WITHIN 90
DAYS OF NASD DECISION-SUSPENDED GUS A. REYNOIR AND VANCE
G.REYNOIR FOR 30 DAYS (NON-CONCURRENT) AND REQUIRE THAT GUS
A.REYNOIR AND VANCE G. REYNOIR REQUALIFY BY EXAMINATION AS THE
GENERAL SECURITIES PRINCIPAL AND AS MUNICIPAL SEC.PRINCIPAL
Resolution
Details: VANCE REYNOIR QUALIFIED AS GENERAL SECURITIES PRINCIPAL ON
05/03/1999. GUS A. REYNOIR HAS BEEN OUR MUNICIPAL SECURITIES
PRINCIPAL.
Summary:
******** REGULATORY ACTION (9 of 12) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 03/31/1988
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 03/31/1988
Docket/
Case Number: NEW-592-AWC
Allegations:
Current Status: Final
Resolution: Consent
Resolution Date: 03/31/1988
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $1,000.00
Resolution
Details:
Summary: ON MARCH 31, 1988, THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT
NO. NEW-592-AWC (DISTRICT NO. 5) SUBMITTED BY RESPONDENTS
HATTIER, SANFORD & REYNOIR, GUTHANS A. REYNOIR, VANCE G. AND
RICHARD H. DOSKEY WAS ACCEPTED; THEREFORE, THEY ARE AND FINED
$1,000.00, JOINTLY AND SEVERALLY (ARTICLE III, SECTIONS 1 AND
21 OF THE RULES OF FAIR PRACTICE AND MSRB RULES G-2 AND G-3 -
RESPONDENT MEMBER, ACTING THROUGH RESPONDENT DOSKEY, FAILED
AND NEGLECTED TO MAKE AND KEEP CURRENT ACCURATE CUSTOMER
LEDGER ACCOUNTS AND AN ACCURATE SECURITIES POSITION RECORD;
ACTING THROUGH RESPONDENT DOSKEY, CONDUCTED AN INACCURATE
QUARTERLY SECURITIES COUNT EXAMINATION AND VERIFICATION; AND,
ACTING THROUGH RESPONDENT GUTHANS REYNOIR AND VANCE REYNOIR
FAILED AND NEGLECTED TO QUALIFY VANCE G. REYNOIR AS A
MUNICIPAL SECURITIES PRINCIPAL, ALTHOUGH HE ACTED IN THAT
NASDR Public Disclosure Program March 05, 2001 Page <PAGE#>
This information is current as of: 03/05/2001
________________________________________________________________________________
NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
CAPACITY). ***** $1,000 PAID J&S 4-12-88.
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NASD DISTRICT NO. 5
Date initiated: 02/08/1988
Docket/
Case Number: NEW-592-AWC
Allegations: WE WERE CENSURED AND FINED $1,000.00 FOR THE REASON WE FAILED
AND NEGLECTED TO MAKE AND KEEP CURRENT ACCURATE CUSTOMER
LEDGER ACCOUNTS AND AN ACCURATE SECURITIES POSITION RECORD, IN
CONTRAVENTION OF SEC RULES 17A-3(A)(3) AND 17A-3(A)(5).
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 03/31/1988
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $1,000.00
Other Sanctions: NONE
Resolution
Details: FINE IN THE AMOUNT OF $1,000.00 PAID ON 04/08/1988.
Summary:
******* REGULATORY ACTION (10 of 12) *******
Reporting Source: Regulator (Form U-6)
Date Reported: 01/09/1978
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 01/09/1978
Docket/
Case Number: AWC-21
Allegations:
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 01/09/1978
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $1,000.00
Resolution
Details:
Summary: COMPLAINT #AWC-21 FILED 01/09/78 DIST. #5 DECISION 01/09/78:
CENSURED AND FINED $1,000 J&S. 01/09/78: FINAL ********
UPDATED 12/29/98 ********************** ON JANUARY 9, 1978,
DISTRICT NO. 5 NOTIFIED RESPONDENTS HATTIER, SANFORD &
REYNOIR, JOHN B. SANFORD, JR., AND GUTHAN A. REYNOIR THAT THE
LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. AWC-21 WAS
ACCEPTED; THEREFORE, THEY ARE CENSURED AND FINED $1,000,
JOINTLY AND SEVERALLY - (ARTICLE III, SECTIONS 1 AND 25(b) OF
THE RULES OF FAIR PRACTICE - RESPONDENT MEMBER, ACTING THROUGH
RESPONDENTS SANFORD AND REYNOIR, GRANTED TO A NON-MEMBER OF
THE NASD SELLING CONCESSIONS WHICH ENABLE SUCH NON-MEMBER TO
RECEIVE PRICES ONLY ALLOWED TO MEMBERS OF REGISTERED
SECURITIES ASSOCIATION AND NOT ALLOWED TO MEMBER OF THE
GENERAL PUBLIC).
***********************************
Reporting Source: Regulator (Form BD)
NASDR Public Disclosure Program March 05, 2001 Page <PAGE#>
This information is current as of: 03/05/2001
________________________________________________________________________________
NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
Date Reported:
Initiated By: NASD DISTRICT NO. 5
Date initiated: 11/09/1977
Docket/
Case Number: AWC #21
Allegations: THE FIRM ACTED IN CONTRAVENTION OF ARTICLE III, SEC.25(B) OF
THE RULES OF FAIR PRACTICE OF THE ASSN., WHEN IN 6 SEPARATE
INSTANCES, THE FIRM GRANTED TO A NON-MEMBER OF THE ASSN.,
CRABTEEE INVESTMENTS, INC., SELLING CONCESSIONS WHICH ENABLED
SUCH NON-MEMBER TO RECEIVE A PRICE ONLY ALLOWED TO MEM.OF
REG.SEC.ASSN.AND NOT ALLOW TO GEN'L PUBLIC
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 01/09/1978
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $1,000.00
Resolution
Details: FINE IN THE AMOUNT OF $1,000.00 PAID ON 01/L8/1978
Summary:
******* REGULATORY ACTION (11 of 12) *******
Reporting Source: Regulator (Form U-6)
Date Reported: 07/10/1974
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 07/10/1974
Docket/
Case Number: AWC-6
Allegations:
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 07/10/1974
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $1,000.00
Resolution
Details:
Summary: COMPLAINT #AWC-6 FILED 07/10/74 DIST. #5 DECISION 07/10/74
ACCEPTED: RESP. MEMBER CENSURED, FINED $1000 J & S. FINAL
07/10/74 FINES & COSTS F&C PAID 07/26/74, $1000 (FC #5811)
*************** UPDATED 12/29/98: ********************** ON
JULY 10, 1974, DISTRICT NO. 6 NOTIFIED RESPONDENTS HATTIER,
SANFORD & REYNOIR AND JOHN B. SANFORD, JR. THAT THE LETTER OF
ACCEPTANCE, WAIVER, AND CONSENT NO. AWC-6 WAS ACCEPTED;
THEREFORE, THEY ARE CENSURED AND FINED $1,000, JOINTLY AND
SEVERALLY - ARTICLE III, SECTIONS 1, 12, 21 AND 27 OF THE
RULES OF FAIR PRACTICE - RESPONDENT MEMBER, ACTING THROUGH
RESPONDENT SANFORD, EFFECTUATED CERTAIN FINANCIAL TRANSACTIONS
BETWEEN THE FIRM AND OTHER BROKER/DEALERS IN THE SPECIAL
ACCOUNT FOR THE EXCLUSIVE BENEFIT OF CUSTOMERS AND FAILED TO
PROMPTLY DELIVER ALL CUSTOMER SECURITIES, IN VIOLATION OF SEC
RULE 15c3-3; FAILED TO MAKE OR HAVE PROPERLY SUPERVISED ITS
REQUIRED QUARTERLY SECURITY COUNT, IN CONTRAVENTION OF SEC
RULE 17a-13; FAILED TO MAINTAIN AND KEEP CURRENT PROPER BOOKS
AND RECORDS; FAILED TO MAINTAIN ACCURATE CUSTOMER ACCOUNT
INFORMATION; IMPROPERLY DISCLOSED ON CONFIRMATIONS THAT
TRANSACTIONS WERE EXECUTED AS PRINCIPAL WHEN THEY SHOULD HAVE
BEEN EXECUTED AS AGENT; AND, FAILED TO EVIDENCE IN WRITING THE
CORRESPONDENCE OF ITS REGISTERED REPRESENTATIVES).
NASDR Public Disclosure Program March 05, 2001 Page <PAGE#>
This information is current as of: 03/05/2001
________________________________________________________________________________
NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NASD DISTRICT NO. 5
Date initiated: 06/10/1974
Docket/
Case Number: AWC-#6
Allegations: WE WERE CENTURED AND FINED $1,000 FOR FAILING TO COMPLY WITH
THE EXEMPTION PROVIDED UNDER PARA.(K)(2)(A) OF SEC RULE
240.15C3-3. WE FAILED TO COMPLY WITH PARA (D) SEC RULE
240.17A-13, REGARDING QUARTERLY SECURITIES COUNT, FAILURE TO
COMPLY WITH PARA (7) OF SEC RULE 240.17A-3, AND OTHER
COMPLIANCE FAILURES BY OUR FIRM.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
Resolution Date: 07/10/1974
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $1,000.00
Other Sanctions: NONE
Resolution
Details: FINE IN THE AMOUNT OF $1,000.00 PAID ON 07/23/1974
Summary:
******* REGULATORY ACTION (12 of 12) *******
Reporting Source: Regulator (Form U-6)
Date Reported: 03/08/1970
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date initiated: 02/19/1969
Docket/
Case Number: N-141
Allegations:
Current Status: Final
Resolution: Decision
Resolution Date: 03/08/1970
Sanctions
Ordered: Monetary/Fine, Censure
Monetary Amount: $500.00
Resolution
Details:
Summary: N-141 FILED 02/19/69 DEC. 02/06/70 MEMBER CENSURED. FINED $500
ASSESSED $35.00 FINAL 03/08/70. DEC. FINAL 03/08/70 F&C PAID
***********************************
Reporting Source: Regulator (Form BD)
Date Reported:
Initiated By: NASD DISTRICT NO. 5
Date initiated: 02/19/1969
Docket/
Case Number: COMPLAINT NO. N-141
Allegations: WE WERE CENTURED AND FINED $500.00 FOR "FREE RIDING AND
NASDR Public Disclosure Program March 05, 2001 Page <PAGE#>
This information is current as of: 03/05/2001
________________________________________________________________________________
NASD Member Firm: HATTIER, SANFORD & REYNOIR, A LIMITED PARTNERSHIP, L.L.P.
CRD Number: 2148
REGULATORY ACTIONS(cont.)
WITHHOLDING" WHERE WE WERE ALLOTTED 200 SHARES OF A PUBLICLY
OFFERED STOCK AT $10.00 AND WE SOLD 100 SHARES TO A CUSTOMER
WHO ONLY HAD ONE PRIOR PURCHASE IN HIS ACCOUNT. CONDUCT
VIOLATION OF ARTICLE III OF THE RULES OF FAIR PRACTICE
"FREE-RIDING AND WITHHOLDING".
Current Status: Final
Resolution: Decision
Resolution Date: 02/06/1970
Sanctions
Ordered: Monetary/Fine
Monetary Amount: $535.00
Other Sanctions: NONE
Resolution
Details: FINE IN THE AMOUNT OF $500.00 PLUS COST OF PRINTING DECISION IN
THE AMOUNT OF $35.00 - TOTAL PAID $535.00 ON 02/09/1970.
Summary:
************ END OF REPORT ************ |
