CRAIG THOMAS CALLAHAN is currently employed as a Broker and/or Investment Adviser at ICON DISTRIBUTORS, INC. located at 5299 DTC BOULEVARD, SUITE 1200, GREENWOOD VILLAGE, CO, 80111.
CRAIG THOMAS CALLAHAN has worked at ICON DISTRIBUTORS, INC. since September 30, 1991
Disclosure History
CRAIG THOMAS CALLAHAN has 1 Disclosure Event(s).
Date: December 28, 1998 Category: Regulatory Initiated By: SECURITIES AND EXCHANGE COMMISSION Allegations: SEC NEWS DIGEST, ISSUE NO. 98-249, DATED DECEMBER29, 1999, ENFORCEMENT PROCEEDINGS DISCLOSES; CRAIG CALLAHAN CONSENT TO THE FINDING THAT A FIRM USED FALSE AND MISLEADING PERFORMANCE ADVERTISING." IN ADDITION, THE COMMISSION SIMULTANEOUSLY INSTITUTED AND SETTLED ADMINISTRATIVE CEASE-AND-DESIST PROCEEDINGS AGAINST CRAIG T. CALLAHAN (CALLAHAN), THE FIRM'S FORMER VICE PRESIDENT AND CURRENT PRESIDENT. CALLAHAN CONSENTED TO THEISSUANCE OF THE ORDER, WITHOUT ADMITTING OR DENYING THECOMMISSION'S FINDINGS. THE COMMISSION FOUND THAT THE FIRM LOCATED IN ENGLEWOOD, COLORADO, EXAGGERATED PERFORMANCE DATAFOR YEARS 1986 THROUGH 1995 BY EXCLUDING ORIGINATIONCOMMISSIONS AND MUTUAL FUND SALES LOADS PAID BY MANY OFTHE FIRM'S ADVISORY CLIENTS. THE INFLATED PERFORMANCE FIGURES WERE DISSEMINATED THROUGH ADVERTISEMENTS IN THE FORM OF BROCHURES PROVIDED TO SOLICITORS, INTERNET POSTINGS,NEWSLETTERS PROVIDED TO CLIENTS, AND QUESTIONNAIRES SUBMITTED TO RATING SERVICES. THE FIRM ACTED THROUGH CALLAHAN. THE ORDER REQUIRES CALLAHAN TO CEASE AND DESIST FROM FURTHER VIOLATIONS. (REL. IA-1779) Resolution: Order SanctionDetails: Sanctions: Cease and Desist/Injunction Sanction Details: CEASE AND DESIST ORDER. Broker Comment: MIMCO AND I WERE SANCTIONED IN AN ADMINISTRATIVE PROCEEDING BY THE U.S. SECURITIES AND EXCHANGE COMMISSION. MIMCO WAS CENSURED, ORDERED TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE INVESTMENT ADVISERS ACT, AND ORDERED TO PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $70,000. I WAS ORDERED TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE INVESTMENT ADVISERS ACT.
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