RALPH DREW KISTLER is currently employed as a Broker and/or Investment Adviser at HEFREN-TILLOTSON, INC. located at 308 SEVENTH AVENUE, PITTSBURGH, PA, 15222.
RALPH DREW KISTLER has worked at HEFREN-TILLOTSON, INC. since September 03, 1980
Disclosure History
RALPH DREW KISTLER has 5 Disclosure Event(s).
Date: March 23, 1988 Category: Regulatory
Date: December 16, 1980 Category: Regulatory Initiated By: PHILADELPHIA STOCK EXCHANGE Resolution: Decision & Order of Offer of Settlement SanctionDetails: Sanctions: Suspension Broker Comment: THE CONCLUSIONS WERE THAT RESPONDENTS, SIMPSON-EMERY AND KISTLER WERE TO HAVE BEEN FOUND IN VIOLATION OF EXCHANGE RULES 760 AND SEC RULE 17A-3; SEC RULE 17A-11; EXCHANGE RULE 711 AND SEC RULE 17A-5; AND EXCHANGE RULE 703 AND SEC RULE 15C3-1. KISTLER WAS SUSPENDED FROM ASSOCIATION WITHTHEEXCHANGE FOR TWO YEARS IN ANY SUPERVISORY CAPACITY; AND KISTLER IS NOT TO SIGN, PREPARE OR ATTEST TO THE ACCURACY OF ANY FINANCIAL REPORTS FILED BY ANY MEMBER ORGANIZATIONS OF THE EXCHANGE WITH ANY REGULATORY ORGANIZATION, FOR TWO YEARS.
Date: March 03, 1980 Category: Civil
Date: November 21, 1979 Category: Regulatory Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Resolution: Decision SanctionDetails: Sanctions: Censure Broker Comment: U4 DISCLOSES THAT ON JUNE 25, 1979, DISTRICT BUSINESS CONDUCT COMMITTEE FOR DISTRICT NUMBER 11, FILED A COMPLAINT AGAINST SIMPSON, EMERY & COMPANY, INC, MEMBER; AND R. DREW KISTLER WAS LISTED AS A RESPONDENT, IN COMPLAINT NUMBER P-465. THE DECISION DATED NOVEMBER 21, 1979, STATES THAT THE COMPLAINT WAS STATED IN A SINGLE CAUSE ALLEGING THAT: "ON OR ABOUT MARCH 14, 1979, RESPONDENT SIMPSON, EMERY & COMPANY, INC., ACTING THROUGH RESPONDENT R. DREW KISTLER, PURCHASED AT 40 CENTS PER SHARE, 135,550 SHARES OF COMMON STOCK OF CONSOLIDATED PUBLISHING INC., A CALIFORNIA CORPORATION, FROM STEVEN M. BERNARD, PRESIDENT OF CONSOLIDATED PUBLISHING, INC., AND BIBI BESCH PEARSON. DURING MARCH AND APRIL, 1979 RESPONDENT MEMBER SOLD AS PRINCIPAL AT 50 CENTS PER SHARE AT LEAST 103,550 SHARES OF THE COMMON STOCK OF CONSOLIDATED PUBLISHING, INC. TO PUBLIC CUSTOMERS. SUCH SALES TO PUBLIC CUSTOMERS WERE MADE BY USE OF THE MAILS WHEN NO REGISTRATION STATEMENT WAS IN EFFECT WITH RESPECT TO THE SHARES SOLD, IN VIOLATION OF 5(A) OF THE SECURITIES ACT OF 1933." "DURING THE COURSE OF EFFECTING THE DISTRIBUTION DESCRIBED...ABOVE, RESPONDENT SIMPSON, EMERY & COMPANY, INC. MADE A MARKET IN AND BID FOR THE COMMON STOCK OF CONSOLIDATEDPUBLISHING, INC. IN VIOLATION OF SEC RULE 10B-6." "THE AFORESAID ACTS, PRACTICES AND CONDUCT ARE INCONSISTENT WITH HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE AND CONSTITUTE SEPARATE AND DISTINCT VIOLATIONS OF ARTICLE III, OF 1 THE ASSOCIATIONS RULES OF FAIR PRACTICE BY RESPONDENTS SIMPSON, EMERY & COMPANY, INC. AND R. DREW KISTLER, EACH SEPARATELY. AS A RESULT EACH RESPONDENT WAS CENSURED. IT WAS DETERMINED THAT THE VIOLATIONS AROSE OUT OF IGNORANCE OF THE STATUTORY REQUIREMENTS; THE RESPONDENTS ACTED PROMPTLY TO MAKETHE CUSTOMERS WHOLE; THE MEMBER SUSTAINED A COMPLETE LOSS; AND THE MEMBER HIRED A COMPLIANCE MANAGER.
Date: October 01, 1976 Category: Regulatory
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