Initiated By
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Allegations
FILE NO. 3-10708/RELEASE NO. 34-45465, DATED FEBRUARY 21, 2002 - THE SECURITIES AND EXCHANGE COMMISSION ("COMMISSION") DEEMS IT APPROPRIATE AND IN THE PUBLIC INTEREST THAT PUBLIC ADMINISTRATIVE PROCEEDINGS BE, AND HEREBY ARE, INSTITUTED PURSUANT TO SECTION 15(B) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") AGAINST RAYMOND L. GRENIER, JR. ("GRENIER"). IN ANTICIPATION OF THE INSTITUTION OF THESE PROCEEDINGS, GRENIER SUBMITTED AN OFFER OF SETTLEMENT ("OFFER") WHICH THE COMMISSION HAS DETERMINED TO ACCEPT.
Resolution
Decision
Sanctions
Monetary/Fine
Amount
$15,000.00
Sanctions
Censure
Sanctions
Bar
Sanction Details
IT IS ORDERED THAT: GRENIER IS HEREBY CENSURED. GRENIER SHALL, WITHIN 90 DAYS OF THE ISSUANCE OF THE ORDER, PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $15,000 TO THE UNITED STATES TREASURY. GRENIER IS HEREBY BARRED FROM ASSOCIATION IN A SUPERVISORY CAPACITY WITH ANY BROKER OR DEALER, WITH A RIGHT TO REAPPLY FOR SUCH ASSOCIATION AFTER ONE YEAR AND THREE MONTHS TO THE APPROPRIATE SELF-REGULATORY ORGANIZATION, OR IF THERE IS NONE, TO THE COMMISSION. DURING THE PERIOD OF GRENIER'S SUPERVISORY BAR, GRENIER WILL NOT HAVE ANY SUPERVISORY OR COMPLIANCE RESPONSIBILITIES AT DELTA, BUT WILL CONTINUE TO BE ASSOCIATED WITH DELTA AS A SUPERVISED REGISTERED REPRESENTATIVE.
Broker Comment
On October 5th, 2004, the Securities and Exchange Commission (SEC) issued an Order Approving Application for Relief from a Statutory Disqualification. Mr. Grenier's primary regulator, the National Association of Securities Dealers, had submitted an application with the SEC on behalf of Mr. Grenier seeking approval for Mr. Grenier's association with Delta Equity in a supervisory capacity. The application was approved by the SEC. See Securities Exchange Act Release No. 50489, Oct. 5, 2004.