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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES COMMISSION EXCHANGE ACT RESPONDENT PROCEEDING FINDINGS BROKER-DEALER NORMAN LESCHT VIOLATIONS HEREBY MONEY ORDER UNITED STATES SANCTIONS CEASE-AND-DESIST ORDER PURSUANT SETTLEMENT PENNY STOCKS PELT PAY ADMINISTRATIVE PROCEEDING ORDER MAKING FINDINGS ISSUING ADMITTING REGISTERED REPRESENTATIVES PRINCETON PURPORTS UNDISCLOSED COMPENSATION PURCHASE |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7990 / June 28, 2001
SECURITIES EXCHANGE ACT OF 1934
Release No. 44492 / June 28, 2001
ADMINISTRATIVE PROCEEDING
File No. 3 - 9141
_________________________________________________________________
In the Matter of
Norman Lescht,
Respondent
_________________________________________________________________
ORDER MAKING FINDINGS,
IMPOSING REMEDIAL SANCTIONS
AND ISSUING A CEASE-AND-
DESIST ORDER
I.
In connection with a public administrative proceeding instituted
against him on October 10, 1996 pursuant to Section 8A of the
Securities Act of 1933 ("Securities Act") and Sections 15(b), 19(h)
and 21C of the Securities Exchange Act of 1934 ("Exchange Act"),
Norman Lescht ("Lescht") has submitted an Offer of Settlement
("Offer") to the Securities and Exchange Commission ("Commission"),
which the Commission has determined to accept. Solely for the purpose
of this proceeding and any other proceeding brought by or on behalf of
the Commission or in which the Commission is a party, and without
admitting or denying the findings contained herein, except as to
jurisdiction which is admitted, Lescht consents to the entry of the
findings and orders set forth below.
II.
On the basis of this Order Making Findings, Imposing Remedial
Sanctions, and Issuing a Cease-and-Desist Order ("Order") and the
Offer submitted by Lescht, the Commission makes the following findings
A. Norman Lescht ("Lescht"), at the time of the conduct in question
SNIPPETS:
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