[May 25, 2012] ENFORCEMENT PROCEEDINGS - In the Matter of Spencer C. Barasch Tweet May 25, 2012 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- On May 24, 2012, the U.S. Securities and Exchange Commission (Commission) announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 4C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings and Imposing Remedial Sanctions (Order) against Spencer C. Barasch. The Order finds that Barasch, a former Associate District Director for Enforcement in the Commission's Fort Worth Office, failed to comply with 18 U.S.C. Ac 207(a)(1) by knowingly communicating with Commission staff, with the intent to influence, on a matter in which he had participated personally and substantially while a Commission employee. The Order further finds that this failure constitutes "improper professional conduct" under Commission Rule of Practice 102(e)(1)(ii). Based on the above, the Order denies Barasch the privilege of appearing or practicing before the Commission as an attorney for one year. Barasch consented to the issuance of the Order without admitting or denying any of the findings, except as to jurisdiction, which is admitted. (Rel. 34-67060; File No. 3-14891; 2012-102) [ Back To TMCnet.com's Homepage ]