Commission Opinion: ROBERT J. PRAGER and JAMES ALEXANDER
Commission Opinion: ROBERT J. PRAGER and JAMES ALEXANDER
Commission Opinion: ROBERT J. PRAGER and JAMES ALEXANDER
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compliance matters. Alex<strong>and</strong>er ignored those warnings <strong>and</strong> failed to ensure that Rosen was<br />
properly supervised. As a result, Alex<strong>and</strong>er effectively fostered Rosen's misconduct during<br />
Rosen's association with the firm. We conclude that the sanctions imposed against Alex<strong>and</strong>er --<br />
a $200,000 fine, a two-year suspension in all capacities, <strong>and</strong> a requirement that he requalify as a<br />
principal -- are not excessive, oppressive, or unduly burdensome on competition.<br />
An appropriate order will issue. 74/<br />
By the <strong>Commission</strong> (Acting Chairman GLASSMAN <strong>and</strong> <strong>Commission</strong>ers<br />
GOLDSCHMID, CAMPOS, <strong>and</strong> ATKINS).<br />
Jonathan G. Katz<br />
Secretary<br />
74/ We have considered all of the parties' contentions. We have rejected or sustained their<br />
contentions to the extent that they are inconsistent or in accord with the views expressed<br />
in this opinion.
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