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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (80232)	9/16/2002 2:29:05 PM
From: SEC-ond-chance	Respond to of 122087

Condemns 'handslap $2,500 fines' considered 'cost of doing business. What is wrong with this picture? They STEAL MONEY and then CRY POVERTY The SEC PR's winning landmark judgements but they are hardly collectible. Maide Aide The SEC announced Wednesday that it recently won a combined $3.7-million in judgments in consent settlements with promoter Kenneth Kurtz, of Salt Lake City, Utah, and bucket shop brokers Alex Sheyfer, of Staten Island, N.Y., and Alexander Zalmenenko, of Brooklyn, N.Y. Mr. Kurtz was ordered to pay $157,773 in disgorgement of ill-gotten gains and a $50,000 civil fine. Mr. Sheyfer and Mr. Zalmenenko were both ordered to pay disgorgement of $1.75-million, but payment was waived based on their documented pleas of poverty. In the settlements, entered by U.S. District Court Judge William Pauley on July 26, all three promised to do their very best to refrain from future securities violations. U.S. authorities also won $4.6-million in judgments noted in two consent settlements also finalized July 26. Mark A. Taylor Sr., of Brooksville, Fla., was ordered to pay $3.58-million in restitution in a related criminal case. Kevin J. Ruggiero, of Hewitt, N.J., was fined $1.02-million by the SEC, but payment and a civil fine were waived based on his plea of poverty. In SEC administrative proceedings settled Aug. 13, the pair of dirty brokers were also banned from any association with any broker or dealer. Message 17990988