The allegations read: **11/16/1999** charges issued by nyse division of enforcement and pending charge i louis e. Barnes ii, by reason of the facts set forth in the statement of facts and explanation, engaged in conduct inconsistent with just and equitable principles of trade in that he effected one or more unsuitable transactions in one or more customers' accounts in light of the cutomers' investment objectives and/or financial status, and he is , therefore, subject to discipline pursuant to exchange rule 476(a) charge ii
louis e. Barnes ii, by reason of the facts set forth in the statement of facts and explanation, engaged in conduct inconsistent with just and equitable principles of trade in that he effected excessive transactions in a customer's account in light of the customer's investment objective and financial status, and he is, therefore, subject to discipline pursuant to exchange rule 476(a). **02/14/2000** stipulation and consent to penalty filed by nyse division of enforcement and pending consented to findings: 1.\\tengaged in conduct inconsistent with just and equitable principles of trade in that: a.\\the effected one or more unsuitable transactions in one or more customers' accounts in light of the customers' investment objectives and /or financial status; and b. He effected excessive transactions in a customer's account in light of the customer's investment objective and financial status. Consented to the imposition of the penalty of a censure, a fine of $20,000, and a three week suspension.
