J. B. HANAUER & CO.

Permitted to Resign

N/A THAT I MAY HAVE CAUSED AN UNAUTHORIZED DESIGNATION OF MYSELF AS A BROKER ON A MUTUAL FUND ACCOUNT. THERE WERE NO DAMAGES (ACTUAL OR ALLEGED).

PERMITTED TO RESIGN. THE CUSTOMER HAD A MUTUAL FUND ACCOUNT AND THERE WAS AN ERROR MADE REGARDING THE LISTING OF THE BROKER/DEALER ON THE ACCOUNT. THE MISTAKE INVOLVED ANOTHER FAMILY MEMBER AND HAS BEEN RESOLVED TO THE CUSTOMERS SATISFACTION. THE CUSTOMER DIES NOT HOLD MYSELF OR JB HANAUER RESPOSIBLE, THEY WITHDREW THE COMPLAINT & CONSIDERS THE ISSUE TO BE CONCLUDED.

THAT I MAY HAVE CAUSED AN UNAUTHORIZED DESIGNATION OF MYSELF AS A BROKER OF RECORD ON A MUTUAL FUND ACCOUNT. THERE WERE NO DAMAGES (ACTUAL OR ALLEGED)

CUSTOMER RESOLVED ISSUE, COMPLAINT WITHDRAWN THE CUSTOMER HAD A MUTAL FUND ACCOUNT AND THERE WAS AN ERROR MADE REGARDING THE LISTING OF THE BROKER/DEALER ON THE ACCOUNT. THE MISTAKE INVOLVED ANOTHER FAMILY MEMBER AND HAS BEEN RESOLVED TO THE CUSTOMERS SATISFACTION. THE CUSTOMER DOES NOT HOLD MYSELF OF J.B. HANAUER RESPONSIBLE, WITHDREW THE COMPLAINT & CONSIDERS THE ISSUE TO BE CONCLUDED.

GEORGIA SECURITIES DIVISION

ON OR ABOUT APRIL 30, 1996, THE COMMISSIONER RECEIVED A REQUEST FOR AN INFORMAL CONFERENCE TO DISCUSS PETRUCELLI'S BUSINESS REPUTATION. AT THIS CONFERENCE PETRUCELLI WAIVED HIS RIGHTS TO A FORMAL HEARING. RESPONDENT IS NOT OF "GOOD BUSINESS REPUTATION"

Stipulation and Consent

MICHAEL J. PETRUCELLI CONSENTED TO WITHDRAW HIS APPLICATION WITH PREJUDICE AND WILL NOT RE-APPLY FOR A PERIOD OF THREE YEARS FROM THE DATE OF THIS ORDER. RESPONDENT WAIVED ALL RIGHTS TO A HEARING AND WITHDREW HIS APPLICATION FOR REGISTRATION WITH HALPERT & COMPANY, INCORPORATED.

NOT PROVIDED

CUSTOMER ALLEGED MISREPRESENTATION OF TOWERS FINANCIAL PROMISSORY NOTES AND ALLEGED DAMAGES OF $200,000.

$861,794.00

$1.00

CUSTOMER ALLEGED MISREPRESENTATION OF TOWERS FINANCIAL CORP PROMISSORY NOTES AND ALLEGED DAMAGES OF $160,000

$160,000.00

$6,000.00