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SEC v FUTREX, INC., FUTREX MEDICAL INSTRUMENTATION, INC., et al Click to find out why . . .



Keywords & Phrases
CaseNo: LR-16072, Defendant: Futrex, Inc., Futrex Medical Instrumentation, Inc., and Robert D. Rosenthal, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-16072, Securities, Futrex, Exchange Commission, Dream Beam, Futrex Medical Instrumentation, Robert, Fraud, Judgement, Private Placement, Public Offering, Act, Complaint, Enjoins, Violating, Thereunder, Civil Penalty, Connection, Materially False, Misleading Statements, Hand-held Laboratory Instrument, Blood Glucose Level, Passing Infrared Light, Finger, Unsupportable Claims, Effectiveness, Disclose Adverse, Staged Deceptive Demonstrations, Prospective Investors , ContentID: 120242040

Case Documents
1 1999-02-25 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 105133
1 pages
TXT
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
FUTREX
EXCHANGE COMMISSION
DREAM BEAM
FUTREX MEDICAL INSTRUMENTATION
DEFENDANTS
LITIGATION
ROBERT
FRAUD
JUDGEMENT
PRIVATE PLACEMENT
PUBLIC OFFERING
ACT
COMPLAINT
ENJOINS
VIOLATING
THEREUNDER
CIVIL PENALTY
CONNECTION
MATERIALLY FALSE
MISLEADING STATEMENTS
HAND-HELD LABORATORY INSTRUMENT
BLOOD GLUCOSE LEVEL
PASSING INFRARED LIGHT
FINGER
UNSUPPORTABLE CLAIMS
EFFECTIVENESS
DISCLOSE ADVERSE
STAGED DECEPTIVE DEMONSTRATIONS
PROSPECTIVE INVESTORS
                          SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.


          LITIGATION RELEASE NO.   16072 / February 25, 1999

          SECURITIES AND EXCHANGE COMMISSION v. FUTREX, INC., FUTREX
          MEDICAL INSTRUMENTATION, INC., AND ROBERT D. ROSENTHAL, No.
          1:96CV02192 (RWR)(D.D.C.)


                                SEC OBTAINS FINAL JUDGMENTS
                          CONCLUDING FUTREX SECURITIES FRAUD CASE

               The Securities and Exchange Commission has obtained a final
          judgment against Futrex, Inc., Futrex Medical Instrumentation,
          Inc. (jointly referred to as "Futrex"), and Robert D. Rosenthal,
          Futrex’s chairman of the board, chief executive officer,
          president, and treasurer, in a fraud case arising from Futrex’s
          private placement of securities in 1994 and abortive initial
          public offering in 1995.  Without admitting or denying the
          Commission’s allegations, the defendants consented to entry of
          the judgment, which enjoins them from violating Section 17(a) of
          the Securities Act of 1933, Section 10(b) of the Securities
          Exchange Act of 1934, and Rule 10b-5 thereunder, and orders
          Rosenthal to pay a $50,000 civil penalty.

               The Commission’s complaint, filed on September 23, 1996,
          alleged that the defendants, in connection with Futrex’s 1994
          private placement and 1995 abortive initial public offering, made
          materially false and misleading statements concerning Futrex’s
          "Dream Beam" product, a hand-held laboratory instrument that
          purportely could measure a person’s blood glucose level by
          passing infrared light through his or her finger.  Among other
          things, the complaint alleged that the defendants fraudulently
          made unsupportable claims about the effectiveness of the Dream
          Beam, failed to disclose adverse results from studies of the
          Dream Beam, and staged deceptive demonstrations of the Dream Beam
          for prospective investors.  (See also Litigation Rel. No. 15061
          (Sept. 23, 1996)).





SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • LITIGATION RELEASE NO. 16072 / February 25,
  • SECURITIES AND EXCHANGE COMMISSION v. FUTREX, INC., FUTREX MEDICAL INSTRUMENTATION, INC., AND
  • CONCLUDING FUTREX SECURITIES FRAUD CASE
  • The Securities and Exchange Commission has obtained a final judgment against Futrex, Inc.,
  • Without admitting or denying the Commission’s allegations, the defendants consented to entry
  • The Commission’s complaint, filed on September 23, 1996, alleged that the defendants, in
  • Among other things, the complaint alleged that the defendants fraudulently made unsupportable
  •    |