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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
EXCHANGE COMMISSION SUBPOENA ILLINOIS SUNDARA MYSORE UNITED STATES DISTRICT COURT COMPLIANCE REQUIRING SUBPOENA DUCES TECUM TESTIMONY PLANNING ESTATE PURSUANT ACT RESIDENT SCHAUMBURG PRESIDENT TAX PLANNING GLOBAL BUSINESS SERVICES ILLINOIS CORPORATIONS HEADQUARTERS HOFFMAN ESTATES SUBPOENA ENFORCEMENT ACTION FEDERAL RULE CIVIL PROCEDURE FAILURE LAWFULLY-ISSUED COMMISSION SUBPOENA |
SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16365 / November 19, 1999
U.S. Securities and Exchange Commission v. Mysore S. Sundara (United
States District Court for the Northern District of Illinois, No.
99-C-7128)
COURT ORDERS COMPLIANCE WITH SEC SUBPOENA
The Securities and Exchange Commission ("Commission") announced that
on November 8, 1999, the Honorable David H. Coar entered an Order
Requiring Compliance with a Subpoena Duces Tecum of the United States
Securities and Exchange Commission requiring Respondent Mysore S.
Sundara to comply fully with the Commission's subpoena duces tecum by
producing documents on or before November 22, 1999 and appearing for
testimony on or before November 29, 1999. Sundara, a resident of
Schaumburg, Illinois, is the President of Global Planning, Inc.,
Estate and Tax Planning Associates International, and Global Business
Services, Inc., all Illinois corporations with their headquarters in
Hoffman Estates, Illinois. The Commission filed the subpoena
enforcement action on November 1, 1999, pursuant to Section 22(b) of
the Securities Act of 1933, Section 21(c) of the Securities Exchange
Act of 1934, and Federal Rule of Civil Procedure 81(a)(3), based on
Sundara's failure to produce documents and appear for testimony
pursuant to a lawfully-issued Commission subpoena.
_________________________________________________________________
Modified 11/22/1999
SNIPPETS:
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