SEC v CHRISTOPHER M. PEDERSEN - Legal Case Documents


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SEC v CHRISTOPHER M. PEDERSEN

Keywords & Phrases

CaseNo: LR-15726, CourtName: COURT IN LOS ANGELES ENTERED A JUDGMENT OF PERMANENT INJUNCTION, Defendant: Christopher M. Pedersen, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-15726, Securities, Commission, Exchange Commission, Sales, Investors, Christopher, Civil, Oil, Gas Limited Partnerships, Act, Judgement, Permanent Injunction, Defendant Christopher, Memphis, Tennessee, Future Sales, Unregistered Securities, Fraudulent Sales Practices, Civil Penalty, Amount, Connection, Material Misrepresentations, Omissions, Investor Funds, Purchase, Bonds Purportedly Backing, Financial Stability, Issuing Companies, Thereunder , ContentID: 120242343

Case Documents

1997-04-15

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 105436

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

COMMISSION
EXCHANGE COMMISSION
SALES
COURT
INVESTORS
CHRISTOPHER
CIVIL
OIL
GAS LIMITED PARTNERSHIPS
ACT
JUDGEMENT
PERMANENT INJUNCTION
DEFENDANT CHRISTOPHER
MEMPHIS
TENNESSEE
FUTURE SALES
UNREGISTERED SECURITIES
FRAUDULENT SALES PRACTICES
CIVIL PENALTY
AMOUNT
CONNECTION
MATERIAL MISREPRESENTATIONS
OMISSIONS
INVESTOR FUNDS
PURCHASE
BONDS PURPORTEDLY BACKING
FINANCIAL STABILITY
ISSUING COMPANIES
THEREUNDER

   U.S. SECURITIES AND EXCHANGE COMMISSION
   Washington, DC

Litigation Release No. 15726 / April 29, 1998

   SECURITIES AND EXCHANGE COMMISSION v. CHRISTOPHER M. PEDERSEN,

   Civil Action No. 95-6488 WJR (RNBx) (C.D. Cal.)

   The Securities and Exchange Commission ("Commission") announced that
   on April 21, 1998, Judge William J. Rea of the United States District
   Court in Los Angeles entered a judgment of permanent injunction
   against defendant Christopher M. Pedersen of Memphis, Tennessee. The
   Court enjoined Pedersen from future sales of unregistered securities
   and the use of fraudulent sales practices. The Court also ordered
   Pedersen to pay a civil penalty in the amount of $400,000.

   The Commission alleged that from 1984 to 1992, companies controlled by
   Pedersen raised approximately $10 million through the sale of oil and
   gas limited partnerships and other interests to several hundred
   investors in various states. These interests were not registered as
   securities with the Commission. In connection with the sales, Pedersen
   made material misrepresentations and omissions concerning the use of
   investor funds, the purchase of bonds purportedly backing the oil and
   gas limited partnership investments, and the financial stability of
   the issuing companies. The Commission asserted that Pedersen's conduct
   violated Sections 5(a) and 17(a) of the Securities Act of 1933 and
   Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
   thereunder.
     _________________________________________________________________

Modified 04/29/1998

SNIPPETS:

U.S. SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission announced that on April 21, 1998, Judge William J. Rea

The Court enjoined Pedersen from future sales of unregistered securities and the use of

The Court also ordered Pedersen to pay a civil penalty in the amount of $400,000.

The Commission alleged that from 1984 to 1992, companies controlled by Pedersen raised

In connection with the sales, Pedersen made material misrepresentations and omissions

The Commission asserted that Pedersen's conduct violated Sections 5and 17of the Securities


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