James T. McCurdy, a 23-year veteran mutual fund auditor who was recently sanctioned by the Securities and Exchange Commission and given a one-year "time out" from the industry, has vowed to appeal that decision to the SEC's Commissioners, and will file for a stay of that penalty.

On Feb. 4, almost three years after filing an initial administrative proceeding against McCurdy, who is the lead partner in McCurdy & Associates of Westlake, Ohio, the SEC handed down the sanction after charging that he engaged in improper professional conduct in the auditing of a now-defunct aggressive growth fund based in Hawaii.

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