MEMBERS ROBERT S. HARRISON CHAIRMAN
VICE CHAIRMAN
SECRETARY HON. MARTIN M. DOCTOROFF REMONA A. GREEN PATRICK J. KEATING THEODORE P. ZEGOURAS
STATE OF MICHIGAN
JOHN F. VAN BOLT EXECUTIVE DIRECTOR 6
GENERAL COUNSEL
SUITE 1260 333 W FORT STREET
DETROIT. MICHIGAN 48226 Area CWe 31 3 963-5553
NOTICE OF SUSPENSION (By Consent 1 F i l e No. DP 85/85
P a u l A. Ward, P 21976, 301 College Park P l aza , Grand Rapids, 49503 by Attorney D i s c i p l i n e Board Grand Rapids Hearing Panel #1.
M I
1 ) Suspension - 60 days ;
2) E f f e c t i v e - July 1, 1988 The h e a r i n g p a n e l a c c e p t e d a s t i p u l a t i o n f o r c o n s e n t o r d e r of d i s c i p l i n e f i l e d by t h e Respondent and t h e G r i e v a n c e A d m i n i s t r a t o r i n accordance w i th MCR 9.115(F) (5) . The Respondent admi t ted t h e a l l e g a t i o n s i n t h e Formal Complaint a r i s i n g from a j u d i c i a l de te rmina t ion i n a c i v i l a c t i o n t h a t he had v i o l a t e d Sec t ion 12(2) of t h e S e c u r i t i e s Act of 1933, 1 5 U.S.C. 771(2) and Sec t ion 10(B) of t h e S e c u r i t i e s Exchange A c t of 1934, 15 U.S.C. Sec t ion 7 8 ( j ) ( b ) i n t h a t he misrepresented o r omi t ted m a t e r i a l f a c t s i n t h e s a l e o r o f f e r of sale of c e r t a i n shareholder s u b s c r i p t i o n a g r e e m e n t s . Count I1 o f t h a t Compla in t c h a r g e d t h a t w h i l e a c t i n g as a t t o r n e y f o r t h e newly formed co rpo ra t i on , he made mi s r ep re sen t a t i ons a n d / o r o m i s s i o n s t o a n o t h e r c l i e n t r e g a r d i n g t h e a d v i s a b i l i t y of a n investment i n t h e corpora t ion . Respondent's conduct was a l l e g e d t o be i n v i o l a t i o n of MCR 9.104(2-4) and Canons 1 and 5 of t h e Code of P r o f e s s i o n a l Respons ib i l i t y , DR 1-102(A)(1,4,6) and DR 5-104(A). Costs were a s se s sed i n
4kt/e d : JUL 08 1988