SEC v JAMES BROWN, PINNACLE CAPITAL ADVISORS, et al


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Keywords & Phrases

CaseNo: LR-16965, CourtCode: DIS, CourtName: U.S. DISTRICT COURT (DISTRICT OF COLORADO) ENJOINING PINNACLE CAPITAL, Defendant: James Brown, Pinnacle Capital Advisors, and Austin Tanner, Plaintiff: SEC, State: CO Colorado, UniqueCaseRef: SEC>LR-16965, Pinnacle, Tanner, Securities, Commission, District, Exchange, Colorado, Entry, Consent, Enjoining, Violations, Performance Claims, Testimonials, Websites, Making False, Misleading Performance Claims, Westchester, Illinois, Company Pinnacle, Homepages, Admitting, Denying, Allegations, Complaint, Permanently Enjoins, Securities Exchange Act, Thereunder, Pay, Civil Money Penalty , ContentID: 120241148

Case Documents

2001-04-17

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 104241

1 pages
TXT

Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

Price: $ 19.95

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

TANNER
SECURITIES
COMMISSION
DISTRICT
EXCHANGE
LITIGATION
COLORADO
ENTRY
CONSENT
ENJOINING
VIOLATIONS
PERFORMANCE CLAIMS
TESTIMONIALS
WEBSITES
MAKING FALSE
MISLEADING PERFORMANCE CLAIMS
WESTCHESTER
ILLINOIS
COMPANY PINNACLE
HOMEPAGES
ADMITTING
DENYING
ALLEGATIONS
COMPLAINT
PERMANENTLY ENJOINS
SECURITIES EXCHANGE ACT
THEREUNDER
PAY
CIVIL MONEY PENALTY

   SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16965 / April 17, 2001

   , Civ. No. 01-M-0358 (District of Colorado)

   Today, the Commission announced the entry of a consent order by the
   U.S. District Court (District of Colorado) enjoining Pinnacle Capital
   Advisors ("Pinnacle") and Austin Tanner from future violations of the
   antifraud provisions of the federal securities laws. The Commission
   sued Pinnacle and Tanner in February 2001 for making false and
   misleading performance claims and testimonials appearing on three
   different websites, namely OptionInvestor.com, SplitTrader.com, and
   NetBulls.com, and in press releases. Litigation Release No.
   34-16913/March 1, 2001. Tanner, from Westchester, Illinois, and his
   company Pinnacle, created the homepages of the websites and drafted
   the performance claims and testimonials.

   Without admitting or denying the allegations in the Complaint,
   Pinnacle and Tanner consented to the entry of the Order that
   permanently enjoins them from violating Section 10(b) of the
   Securities Exchange Act of 1934 and Rule 10b-5 thereunder and orders
   them to pay a civil money penalty of $20,000.
     _________________________________________________________________

Modified 04/18/2001

SNIPPETS:

the Commission announced the entry of a consent order by the U.S. District Court (District of

The Commission sued Pinnacle and Tanner in February 2001 for making false and misleading

Litigation Release No. 34-16913/March 1,

Tanner, from Westchester, Illinois, and his company Pinnacle, created the homepages of the

Without admitting or denying the allegations in the Complaint, Pinnacle and Tanner consented


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