LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

SEC v THE HOME LINK CORP., HOME LINK OF FLORIDA, INC., et al Click to find out why . . .



Keywords & Phrases
CaseNo: LR-16043, Defendant: The Home Link Corp., Home Link of Florida, Inc., Home Link of Nevada, Inc., and Matt Matson, Plaintiff: SEC, State: FL Florida, UniqueCaseRef: SEC>LR-16043, Home Link, Stock, Matson, Promoter, Florida, Penny Stock, United States, Securities, Exchange Commission, Matt Matson, United States District, Pompano Beach, Nevada, Judge, Fraudulent, Trading, Finder, Consultant, Agent, Broker, Dealer, Issuer, Purposes, Issuance, Inducing, Induce, Purchase, Sale , ContentID: 120242069

Case Documents
1 1999-01-25 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 105162
1 pages
TXT
Total Documents: 1 document , 1 page.    CAUTION.    PLEASE NOTE THAT THIS IS A ONE PAGE CASE.
Price: $ 19.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
STOCK
MATSON
PROMOTER
FLORIDA
PENNY STOCK
UNITED STATES
SECURITIES
EXCHANGE COMMISSION
MATT MATSON
UNITED STATES DISTRICT
POMPANO BEACH
NEVADA
COURT
JUDGE
FRAUDULENT
LAW
TRADING
FINDER
CONSULTANT
AGENT
BROKER
DEALER
ISSUER
PURPOSES
ISSUANCE
INDUCING
INDUCE
PURCHASE
SALE
               UNITED STATES SECURITIES AND EXCHANGE COMMISSION

          Litigation Release No. 16043 / January 25, 1999

          SEC OBTAINS $1.374 MILLION AWARD AGAINST PENNY STOCK PROMOTER,
          MATT MATSON OF POMPANO BEACH, FLORIDA

          SEC v. THE HOME LINK CORP., HOME LINK OF FLORIDA, INC., HOME LINK
          OF NEVADA, INC., and MATT MATSON, UNITED STATES DISTRICT COURT,
          SOUTHERN DISTRICT OF FLORIDA, CASE NO.96-6860-CIV-GONZALEZ

               The Securities and Exchange Commission (SEC) announced that
          on January 11, 1999 United States District Judge Jose A.
          Gonzalez, Jr., ordered Matt Matson ("Matson"), a Pompano Beach,
          Florida stock promoter, to pay $1,274,00 in disgorgement and
          $100,000 in civil money penalties.

               In July 1996 the SEC sued Matson in connection with his
          promotion earlier that year of $1 million of the stock in each of
          two subsidiaries of The Home Link Corporation, Home Link of
          Nevada, Inc. and Home Link of Florida, Inc.  The SEC alleged that
          Matson had fraudulently promoted the stock through a number of
          fraudulent misrepresentations to the financial press, market
          professionals and investors.  On the SEC’s motion, the Court
          enjoined Matson and the other defendants from further violations
          of the securities law, froze their assets and appointed a
          receiver who took control, and ultimately liquidated, the Home
          Link companies.  Shortly before the lawsuit was filed, the
          Commission suspended trading of Home Link's stock for the maximum
          10-day period permitted under Section 12(k)(1)(A) of the Exchange
          Act because there appeared to be a lack of current and accurate
          information concerning, among other things, Home Link's
          capitalization, whether Home Link was pursuing a NASDAQ listing,
          and Home Link's business prospects.

               On  September  25,  1997,  an  SEC  Administrative Law Judge
          ("ALJ") entered an order, which has since  become  final, barring
          Matson  from  participating  in the offering of any penny  stock,
          including acting as a promoter,  finder,  consultant,  agent,  or
          other  person  who  engages  in actions with a broker, dealer, or
          issuer  for purposes of the issuance  or  trading  in  any  penny
          stock, or  inducing  or attempting to induce the purchase or sale
          of any penny stock.


SNIPPETS:
  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • SEC OBTAINS $1.374 MILLION AWARD AGAINST PENNY STOCK PROMOTER, MATT MATSON OF POMPANO BEACH,
  • THE HOME LINK CORP., HOME LINK OF FLORIDA, INC., HOME LINK OF NEVADA, INC., and MATT MATSON,
  • The Securities and Exchange Commission announced that on January 11, 1999 United States
  • In July 1996 the SEC sued Matson in connection with his promotion earlier that year of $1
  • The SEC alleged that Matson had fraudulently promoted the stock through a number of
  • On the SEC’s motion, the Court enjoined Matson and the other defendants from further
  • Shortly before the lawsuit was filed, the Commission suspended trading of Home Link's stock
  • On September 25, 1997, an SEC Administrative Law Judge entered an order, which has since
  •    |