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SEC v MARY E. BLAKE Click to find out why . . .



Keywords & Phrases
CaseNo: 34-44387, Defendant: Mary E. Blake, Plaintiff: SEC, UniqueCaseRef: SEC>34-44387, Exchange Act, Universal Broadband, Securities, Commission, Sale, Blake, Amendments, Pursuant, Reporting, Equity Securities, Ownership, Schedule, Violations, Promulgated Thereunder, Beneficial Owner, Respondent, Instituting, Findings, Settlement, Purpose, Universal Broadband Networks, Interjet Net, Issuer, Stock, Timely File, Committing, Causing, Transactions, Administrative Proceedings, Shareholders , ContentID: 120243988

Case Documents
1 2001-06-04 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 110722
10 pages
TXT
Total Documents: 1 document , 10 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
UNIVERSAL BROADBAND
SECURITIES
COMMISSION
SALE
BLAKE
AMENDMENTS
PURSUANT
REPORTING
EQUITY SECURITIES
OWNERSHIP
SCHEDULE
VIOLATIONS
PROMULGATED THEREUNDER
BENEFICIAL OWNER
RESPONDENT
INSTITUTING
FINDINGS
SETTLEMENT
PURPOSE
UNIVERSAL BROADBAND NETWORKS
INTERJET NET
ISSUER
STOCK
TIMELY FILE
COMMITTING
CAUSING
TRANSACTIONS
ADMINISTRATIVE PROCEEDINGS
SHAREHOLDERS
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 44387 / June 4, 2001

   ADMINISTRATIVE PROCEEDING
   File No. 3-10501
     _________________________________________________________________

   In the Matter of

   Mary E. Blake,

     Respondent.
     _________________________________________________________________

   ORDER INSTITUTING CEASE-
   AND-DESIST PROCEEDINGS
   PURSUANT TO SECTION 21C OF
   THE SECURITIES EXCHANGE ACT
   OF 1934 AND FINDINGS AND
   ORDER OF THE COMMISSION

                                     I.

   The Commission deems it appropriate that public administrative
   proceedings be, and they hereby are, instituted pursuant to Section
   21C of the Securities Exchange Act of 1934 ("Exchange Act") to
   determine whether Mary E. Blake ("Blake") violated Sections 13(d) and
   16(a) of the Exchange Act and Rules 13d-1, 13d-2, 16a-2 and 16a-3
   promulgated thereunder.

                                    II.

   In anticipation of the institution of these administrative
   proceedings, Blake ("the Respondent") has submitted an Offer of
   Settlement which the Commission has determined to accept. Solely for
   the purpose of these proceedings and any other proceeding brought by
   or on behalf of the Commission or to which the Commission is a party,
   the Respondent, without admitting or denying the matters set forth
   herein, consents to the issuance of this Order Instituting
   Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities
   Exchange Act of 1934 and Findings and Order of the Commission ("the
   Order"), and to the entry of the findings, and imposition of the
   remedial sanctions set forth below.

SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 21C OF THE SECURITIES
  • The Commission deems it appropriate that public administrative proceedings be, and they
  • In anticipation of the institution of these administrative proceedings, Blake ("the
  • Solely for the purpose of these proceedings and any other proceeding brought by or on behalf h below.
  • Mary E. Blake was President and Secretary of Universal Broadband Networks, Inc., formerly
  • Universal Broadband Networks, Inc., a Delaware corporation with principal offices in Irvine,
  • According to Universal Broadband's Annual Report on Form 10-K for the year ended March 31,
  • Universal Broadband's common stock is registered with the Commission pursuant to Section 12of
  • Rule 13d-2requires that amendments to Schedule 13D be promptly filed if any material change
  • A change of one percent or more in the reporting person's beneficial ownership of the
  • Section 16of the Exchange Act requires that beneficial owners of more than ten percent of any urities of such issuer of which they are a beneficial owner.
  • BLAKE'S VIOLATIONS OF SECTIONS 13and 16OF THE EXCHANGE ACT
  • In connection with changes in her ownership of Universal Broadband securities, Blake failed
  • The total value of the transactions in Universal Broadband stock for which Blake filed late
  • 06-99 Sale 105,000 2.81 295,050 07-12-99 11m1w
  • Based on the above, the Commission finds that Blake violated Sections 13and 16of the Exchange
  • Blake, in her Offer, consents to this Order making findings, as set forth above, and ordering
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