SEC v LUIS BULAS, JR - Legal Case Documents


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SEC v LUIS BULAS, JR

Keywords & Phrases

CaseNo: LR-16337, Defendant: Luis Bulas, Jr., Plaintiff: SEC, UniqueCaseRef: SEC>LR-16337, Bulas, Securities, Investors, Exchange Commission, Luis Bulas, Civil Penalty, Funds, Permanent, Enjoining, Pay, Disgorgement, Act, Judgement, Misappropriate, Complaint, Brokerage, Stocks, Jlh Financial Services, Henry, Bulas Obtained Funds, False Pretense, Monies, Mutual Funds, Secured Promissory Notes, Variety, Schemes, Creation, False Stock Certificates, False Purchase Confirmation, Purchase Confirmation Statements , ContentID: 120241773

Case Documents

1999-10-15

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 104866

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

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

SECURITIES
INVESTORS
EXCHANGE COMMISSION
LUIS BULAS
CIVIL PENALTY
FUNDS
PERMANENT
ENJOINING
PAY
DISGORGEMENT
ACT
JUDGEMENT
MISAPPROPRIATE
COMPLAINT
BROKERAGE
STOCKS
JLH FINANCIAL SERVICES
HENRY
BULAS OBTAINED FUNDS
FALSE PRETENSE
MONIES
MUTUAL FUNDS
SECURED PROMISSORY NOTES
VARIETY
SCHEMES
CREATION
FALSE STOCK CERTIFICATES
FALSE PURCHASE CONFIRMATION
PURCHASE CONFIRMATION STATEMENTS

   SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16337 / October 15, 1999

   Securities and Exchange Commission v. Luis Bulas, Jr.

   Civil Action No. 98-2238 CIV-LENARD

Luis Bulas, Jr., Permanently Enjoined and Ordered To Pay
Disgorgement and a Civil Penalty

   The Securities and Exchange Commission ("SEC") announced that on
   October 5, 1999, a Final Judgement of Permanent Injunction and Other
   Relief ("Judgement") was entered against Luis Bulas, Jr. ("Bulas") by
   default enjoining him from future violations Section 17(a) of the
   Securities Act of 1933, Sections 10(b) and 15(a)(1) of the Securities
   Exchange Act of 1934 and Rule 10b-5 thereunder. This Judgment also
   ordered Bulas to pay disgorgement of $671,469.86 and a civil penalty
   of $671,469.86. This Judgment stemmed from SEC allegations that from
   approximately March 1995 through October 1997, Bulas misappropriated
   approximately $700,000 from eleven investors. According to the SEC's
   previously filed complaint, Bulas, a former registered representative
   offered brokerage services to the public through his unregistered
   broker-dealers, JLH Financial Services, Inc. and J.L. Henry & Company,
   Inc. The complaint alleged that Bulas obtained funds from investors on
   the false pretense that he would invest their monies in stocks, mutual
   funds, secured promissory notes and other investments. The SEC further
   alleged that Bulas employed a variety of schemes and devices in order
   to misappropriate investors' funds, including the creation of false
   stock certificates and false purchase confirmation statements.
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Modified 10/20/1999

SNIPPETS:

Securities and Exchange Commission v. Luis Bulas,

The Securities and Exchange Commission announced that on October 5, 1999, a Final Judgement

by default enjoining him from future violations Section 17of the Securities Act of 1933,

This Judgment also ordered Bulas to pay disgorgement of $671,469.86 and a civil penalty of

This Judgment stemmed from SEC allegations that from approximately March 1995 through October

According to the SEC's previously filed complaint, Bulas, a former registered representative

The complaint alleged that Bulas obtained funds from investors on the false pretense that he

The SEC further alleged that Bulas employed a variety of schemes and devices in order to


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