Charles Vaccaro prior to HLV scam > VCM failure > Team Trading, LLC > Team Trading Extreme, LLC http://www.speedyshare.com/files/20204856/Vaccaro.mp3 STATE OF CONNECTICUT DEPARTMENT OF BANKNG * * * * * * * * * * * * * * * * * * IN THE MATTER OF: * * F1 TRADING.COM, INC. * CONSENT ORDER f/k/a GOLD COUNTRY SECURITIES * CRD NO. 20375 * DOCKET NO. NDCF-2000-6107-S * ("F1 Trading.com") * * * * * * * * * * * * * * * * * * * PRELIMINARY STATEMENT WHEREAS, the Banking Commissioner (the "Commissioner") is charged with the administration of Chapter 672a of the Connecticut General Statutes, the Connecticut Uniform Securities Act (the "Act"), and Sections 36b-31-2 et seq. of the Regulations of Connecticut State Agencies promulgated under the Act; WHEREAS, the Commissioner, through the Securities and Business Investments Division (the "Division") of the Department of Banking, conducted an investigation pursuant to Sections 36b-8 and 36b-26(a) of the Act into the activities of F1 Trading.com, to determine whether F1 Trading.com had violated or was about to violate any provision of the Act or any regulation or order under the Act (the "Investigation"); WHEREAS, as a result of the Investigation, the Division obtained evidence that from at least September 1999 to June 2000, F1 Trading.com, without being registered in Connecticut as a broker-dealer, executed the following trades for the accounts of persons located in Connecticut: 3 purchases and 4 sales of Go2Net, Inc.; 1 sale of Play Co. Toys & Entertainment Corp.; 2 purchases and 6 sales of MRV Communications, Inc.; 1 sale of Palomar Medical Technologies, Inc.; 1 purchase and 5 sales of RealNetworks, Inc.; and 2 purchases of SuperGen, Inc.; WHEREAS, as a result of the Investigation, the Division obtained evidence that on or about July 12, 2000, in response to a request by the Division to update F1 Trading.com's June 7, 1999, application for registration as a broker-dealer, F1 Trading.com filed a document with the Commissioner that contained the following statement: "F1 Trading.com has never effected securities transactions within and/or from the State of Connecticut." The filing of such statement constituted the filing of a document with the Commissioner which was, at the time it was made and in light of the circumstances under which it was made, false or misleading in a material respect; WHEREAS, on November 8, 2000, the Commissioner, acting pursuant to Sections 36b-15(a), 36b-27(a) and 36b-27(d) of the Act, as amended by Public Act 99-38, issued a Notice of Intent to Deny Registration as Broker-Dealer, Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing against F1 Trading.com (the "Notice"), which Notice is incorporated by reference herein; WHEREAS, the Notice set the hearing date for the Notice of Intent to Fine for January 2, 2001; WHEREAS, on November 22, 2000, F1 Trading.com filed a written request for a hearing on the matters alleged in the Notice; WHEREAS, on December 4, 2000, the designated Hearing Officer granted a motion consolidating the requested hearing with the hearing on the Notice of Intent to Fine; WHEREAS, on December 21, 2000, the designated Hearing Officer granted a motion to continue the consolidated hearing to February 5, 2001; WHEREAS, Section 36b-31(a) of the Act, as amended by Public Act 99-38, provides, in relevant part, that "[t]he commissioner may from time to time make . . . such . . . orders as are necessary to carry out the provisions of sections 36b-2 to 36b-33, inclusive"; WHEREAS, Section 4-177(c) of the Connecticut General Statutes provides, in part, that "nless precluded by law, a contested case may be resolved by . . . consent order"; WHEREAS, F1 Trading.com agrees that the Notice may be used in construing the terms of this Consent Order; WHEREAS, F1 Trading.com and the Commissioner now desire to resolve the matters alleged in the Notice, without the need for further administrative proceedings, and agree to the language in this Consent Order. CONSENT TO WAIVER OF PROCEDURAL RIGHTS WHEREAS, F1 Trading.com, through its execution of this Consent Order, voluntarily waives the following rights: 1. To be afforded an opportunity for a hearing within the meaning of Sections 36b-15(f), 36b-27(a), 36b-27(d)(2), and 4-177c(a) of the Connecticut General Statutes; 2. To present evidence and argument and to otherwise avail itself of Sections 36b-15(f), 36b-27(a), 36b-27(d)(2), and 4-177c(a) of the Connecticut General Statutes; 3. To present its position in a hearing in which it is represented by counsel; 4. To have a written record of the hearing made and a written decision issued by a hearing officer; and 5. To seek judicial review of, or otherwise challenge or contest the matters described herein, including the validity of this Consent Order. ACKNOWLEDGEMENT OF THE ENTRY OF FINDINGS WHEREAS, F1 Trading.com, through its execution of this Consent Order, and without admitting or denying the Commissioner's allegations of violations, or admitting or denying the Commissioner's findings, acknowledges those findings and their entry by the Commissioner below: 1. The entry of this Consent Order is necessary or appropriate in the public interest or for the protection of investors and consistent with the purposes fairly intended by the policy and provisions of the Act; 2. F1 Trading.com wilfully violated Section 36b-6(a) of the Act by transacting business in Connecticut absent registration as a broker-dealer in Connecticut. Such wilful violation forms the basis for the denial of registration as a broker-dealer pursuant to Section 36b-15(a)(2)(B) of the Act, as amended by Public Act 99-38, an order to cease and desist pursuant to Section 36b-27(a) of the Act, as amended, and an order imposing a fine pursuant to Section 36b-27(d) of the Act, as amended; and 3. F1 Trading.com wilfully violated Section 36b-23 of the Act, as amended by Public Act 99-38, by filing a document with the Commissioner which was, at the time it was made and in light of the circumstances under which it was made, false or misleading in a material respect. Such wilful violation forms the basis for the denial of registration as a broker-dealer pursuant to Section 36b-15(a)(2)(B) of the Act, an order to cease and desist pursuant to Section 36b-27(a) of the Act, as amended, and an order imposing a fine pursuant to Section 36b-27(d) of the Act, as amended. CONSENT TO ENTRY OF SANCTIONS WHEREAS, F1 Trading.com, through its execution of this Consent Order, consents to the Commissioner's issuance of an Order imposing on it the following sanctions: 1. No later than the date this Order is entered by the Commissioner, F1 Trading.com shall remit to the Department of Banking, by certified check made payable to "Treasurer, State of Connecticut", the sum of Seven Thousand Five Hundred Dollars ($7,500); and 2. No later than the date this Order is entered by the Commissioner, F1 Trading.com shall withdraw its application for registration as a broker-dealer, without prejudice, with leave to re-apply after a period of five years has elapsed following the entrance of this Order. AND WHEREAS, F1 Trading.com specifically assures the Commissioner that none of the violations alleged in the Notice shall occur in the future. CONSENT ORDER NOW THEREFORE, the Commissioner enters the following: 1. The Findings and Sanctions set forth above be and are hereby entered; 2. Entry of this Consent Order by the Commissioner is without prejudice to the right of the Commissioner to take enforcement against F1 Trading.com based upon a violation of this Consent Order or the matters underlying its entry, if the Commissioner determines that compliance with the terms herein is not being observed or if any representations made by F1 Trading.com and reflected herein are subsequently discovered to be untrue; and 3. This Consent Order shall become final when issued. ________/s/_________ John P. Burke Banking Commissioner So ordered at Hartford, Connecticut this 13th day of February 2001. CONSENT TO ENTRY OF ORDER I, Charles Vaccaro, state on behalf of F1 Trading.com, that I have read the foregoing Consent Order; that I know and fully understand its contents; that I am authorized to execute this Consent Order on behalf of F1 Trading.com; that F1 Trading.com agrees freely and without threat or coercion of any kind to comply with the terms and conditions stated herein; and that F1 Trading.com consents to the issuance of this Consent Order, expressly waiving any right to a hearing on the matters described herein. _______/s/_______ On this 31st day of January 2001, personally appeared Charles Vaccaro, signer of the foregoing Consent Order, who, being duly sworn, acknowledged the same to be his/her free act and deed, before me. ________/s/___________ Notary Public My Commission Expires:
You know you're one annoying fuck....starting 15 threads with the same fucking topic...on ignore you go.
Charles Vaccaro in 2012, after the above and Element Trading failure in 2011: http://finance.yahoo.com/news/element-trading-technologies-inc-announces-124500856.html for more info: http://olivervelezrefund.com/