The allegations read: 07-30-73 nd 73-146 rel. 34-10306: administrative proceedings
ordered alleging violations of securities registration, b/d
registration, and antifraud provisions in connection with the
offer and sale of securities. Respondents made material
misrepresentations concerning the expected annual return of the
investment, the suitability of the investment, the risk of
overproduction by the company, and the size and amount of
mcgivney & co.'s markups; 02-21-74 nd 74-36 rel. 34-10641:
suspended 3 months (08-01-74 - 11-01-74) for violations of
securities registration, b/d registration, and antifraud
provisions in the sale of unregistered securities, making of
material misrepresentations, and acting as a b/d without being
2 so registered. Consented to the order without admitting or
denying allegations.
