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Non-Tech : SUNX: SunnComm, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (12)	3/18/2001 7:08:24 PM
From: StockDung	Read Replies (1) \| Respond to of 41

I would say it is. On another note; NASD Member Firm: FIRST FINANCIAL EQUITY CORPORATION CRD Number: 16507 ****************************************************************************** REGULATORY ACTIONS **************************************************************************** DISCLOSURE INFORMATION This section lists regulatory actions that were reported to the CRD and are disclosable through the Public Disclosure Program. Disclosable regulatory actions include formal proceedings initiated by a regulatory authority (i.e., a state securities agency, the NASD, New York Stock Exchange, foreign regulatory body, etc.) for a violation of investment-related rules or regulations. In addition, revocations or suspensions of a broker's authority to act as an attorney, accountant or federal contractor will appear here. Some of the fields in this section of the report may be blank if the information was not provided to CRD. OCCURRENCE COUNTS 2 Record(s) **************************************************************************** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the regulatory action was reported to CRD. * Date Reported: The date the regulatory action was reported to CRD. * Initiated By: The name of the securities regulator that initiated the regulatory action (e.g., regulator, foreign financial regulatory authority, self-regulatory organization, federal agency such as SEC, state, etc.). * Date Initiated: Date the regulatory action was initiated. * Docket/Case Number: Docket or case number of the regulatory action. * Employing Firm: Firm where broker was employed when activity occurred that led to the regulatory action. * Allegations: Allegations made against the broker leading to the regulatory action. * Current Status: The current status of the regulatory action (i.e., pending, on appeal or final). * Resolution: The resolution of the regulatory action (e.g., acceptance, waiver and consent; decision; decision and order of offer of settlement; order; settled; etc.). * Resolution Date: The date the regulatory action was resolved. * Sanction Details: Additional details regarding any sanctions ordered. * Summary: A summary of the details related to the regulatory action. ****************************************************************************** **** REGULATORY ACTION (1 of 2) **** Reporting Source: Regulator (Form BD) Date Reported: 01/22/2001 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/29/2000 Docket/ Case Number: C3A000030 Allegations: FIRM CONDUCED A SECURITIES BUSINESS ON NINE DAYS WHILE FAILING TO MAINTAIN THE REQUIRED MINIMUM NET CAPITAL. FIRM ACCEPTED CHECKS IN PAYMENT FOR SECURITIES TRANSACTIONS THAT WERE MADE PAYABLE TO THE FIRM, REQUIRING A MINIMUM NET CAPITAL OF $250,000, WHICH IT FAILED TO MAINTAIN. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/29/2000 Sanctions Ordered: Monetary/Fine, Censure NASDR Public Disclosure Program March 18, 2001 Page <PAGE#> This information is current as of: 03/16/2001 ________________________________________________________________________________ NASD Member Firm: FIRST FINANCIAL EQUITY CORPORATION CRD Number: 16507 REGULATORY ACTIONS(cont.) Monetary Amount: $7,000.00 Resolution Details: A FINE IN THE AMOUNT OF $7,000 WILL BE PAID IN MONTHLY INSTALLMENTS OF $1,500. Summary: **** REGULATORY ACTION (2 of 2) **** Reporting Source: Regulator (Form U-6) Date Reported: 12/06/2000 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/29/2000 Docket/ Case Number: C3A000030 Allegations: 12-06-00, SEC RULES 10B-9,15C2-4,15C3-1,NASD RULE 2110 - RESPONDENT MEMBER, ACTING THROUGH AN INDIVIDUAL, PARTICIPATED IN THE OFFER AND SALE OF DEBT SECURITIES ISSUED IN A PRIVATE PLACEMENT SUBJECT TO A CONTINGENCY AND FAILED TO PROMPTLY TRANSMIT INVESTOR FUNDS FOR THE PURCHASE OF NOTES TO AN ACCOUNT SPECIFIED BY SEC RULE 15C2-4,CONTINUED TO OFFER AND SELL NOTES AFTER THE DATE WHEN THE OFFERING SHOULD HAVE BEEN TERMINATED FOR THE FAILURE OF THE STATED CONTINGENCY;AND ACTING THROUGH ANOTHER INDIVIDUAL, CONDUCTED A SECURITIES BUSINESS WHILE FAILING TO MAINTAIN THE REQUIRED MINIMUM NET CAPITAL. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/29/2000 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $22,000.00 Resolution Details: CENSURED AND FINED $22,000, JOINTLY AND SEVERALLY WITH INDIVIDUALS Summary: ******************************* Reporting Source: Regulator (Form BD) Date Reported: 01/22/2001 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/29/2000 Docket/ Case Number: C3A000030 Allegations: REC'D INVESTOR FUNDS FOR THE PURCHASE OF NOTE AND FAILED TO PROMPTLY TRANSMIT SUCH FUNDS TO AN ESCROW ACCT. CONTINUED TO OFFER AND SELL NOTES AFTER THE DATE THE OFFERING SHOULD HAVE BEEN TERMINATED FOR FAILURE TO MEET CONTINGENCY. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 11/29/2000 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $15,000.00 Resolution Details: A FINE IN THE AMOUNT OF $15,000 JOINTLY AND SEVERALLY AS TO FIRST FINANCIAL EQUITY CORPORATION AND GEORGE FISCHER. THIS FINE IS BEING PAID IN MONTHLY INSTALLMENTS OF $1,500. NASDR Public Disclosure Program March 18, 2001 Page <PAGE#> This information is current as of: 03/16/2001 ________________________________________________________________________________ NASD Member Firm: FIRST FINANCIAL EQUITY CORPORATION CRD Number: 16507 REGULATORY ACTIONS(cont.) Summary: ******** END OF REPORT **********