WALL STREET WEST, INC., and Theodore v. Abbruzzese, Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent

JACK R. MILLER, Circuit Judge.

This appeal is from an order of the Securities and Exchange Commission (“SEC”) affirming an amended decision of the Board of Governors of the National Association of Securities Dealers (“NASD”) that Wall Street West, Inc. (“WSW”), a member, and Theodore V. Abbruzzese, a financial principal and President of WSW, had violated Article III, Sections 1 and 27(b) of the Association’s Rules of Fair Practice 1 by failing to adequately supervise James C. Cohig, a financial principal and WSW Denver, Colorado, area branch manager in that—

From September 1978, when the branch…