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To: blebovits who wrote (127)	5/24/2001 5:01:07 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 201

What now?: POND "Notice of Intent to Deny Registration as Broker-dealer, Order to Cease and Desist and Notice of Intent to Fine Issued On April 2, 2001, the Commissioner issued a Notice of Intent to Deny Registration as Broker-dealer, Order to Cease and Desist and Notice of Intent to Fine with respect to Pond Securities Corp. of 4522 Fort Hamilton Parkway, Brooklyn, New York. The action alleged that the respondent had 1) transacted business as a broker-dealer absent registration under the Connecticut Uniform Securities Act from at least April 1997 forward; 2) employed at least five unregistered agents; 3) failed to implement a supervisory system that would have prevented the alleged registration violations; and 4) been censured and fined by the NASD three times on March 4, 1999, February 25, 1999 and December 11, 1999 for failing to abide by proper standards of commercial behavior and to observe regulatory requirements. The action also claimed that the firm had filed a materially false or misleading document in conjunction with its application for broker-dealer registration. In the application, the firm had purportedly denied that it had transacted any brokerage business in Connecticut. The respondent was afforded an opportunity to request a hearing on the Notice of Intent to Deny Registration as Broker-dealer and the Order to Cease and Desist. A hearing on the Notice of Intent to Fine has been scheduled for May 23, 2001. google.com