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SEC v ROCKPORT HEALTHCARE GROUP INC., et al Click to find out why . . .



Keywords & Phrases
CaseNo: 34-44379, Defendant: Rockport Healthcare Group Inc., Harry M. Neer and Larry K. Hinson, Plaintiff: SEC, UniqueCaseRef: SEC>34-44379, Rockport, Neer, Revenues, Hinson, Exchange Act, Financing, Commission, Health Care, Materials, Securities, Respondents, Agreement, Basis, Subsidiaries, Health Care Industry, Reviewing, Report, Pursuant, Findings, Networks, Market, Directors, Provider, Misleading, Reasonable Basis, Predicted Revenues, Clients, Texas, Employees , ContentID: 120243994

Case Documents
1 2001-06-01 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 110728
5 pages
TXT
Total Documents: 1 document , 5 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
NEER
REVENUES
HINSON
EXCHANGE ACT
FINANCING
COMMISSION
HEALTH CARE
MATERIALS
SECURITIES
RESPONDENTS
AGREEMENT
BASIS
BUSINESS
SUBSIDIARIES
HEALTH CARE INDUSTRY
REVIEWING
REPORT
PURSUANT
FINDINGS
NETWORKS
MARKET
DIRECTORS
PROVIDER
MISLEADING
REASONABLE BASIS
PREDICTED REVENUES
CLIENTS
TEXAS
EMPLOYEES
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 44379 / June 1, 2001

   ADMINISTRATIVE PROCEEDING
   File No. 3-10493
     _________________________________________________________________

   In the Matter of

   Rockport Healthcare Group, Inc.
   Harry M. Neer, and
   Larry K. Hinson,

     Respondents.
     _________________________________________________________________

   ORDER INSTITUTING PUBLIC CEASE-
   AND-DESIST PROCEEDINGS
   PURSUANT TO SECTION 21C OF THE
   SECURITIES EXCHANGE ACT OF
   1934, MAKING FINDINGS AND
   IMPOSING A CEASE-AND-DESIST ORDER

                                     I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate to institute public cease-and-desist proceedings against
   Rockport Healthcare Group, Inc. ("Rockport"), Harry M. Neer ("Neer"),
   and Larry K. Hinson ("Hinson") (together the "Respondents") pursuant
   to Section 21C of the Securities Exchange Act of 1934 ("Exchange
   Act").

   In anticipation of the institution of these administrative
   proceedings, Respondents have submitted an Offer of Settlement
   ("Offer"), which the Commission has accepted. Solely for the purpose
   of these proceedings and any other proceedings brought by and on
   behalf of the Commission or in which the Commission is a party, and
   without admitting or denying the findings herein, except that they
   admit the jurisdiction of the Commission over them and over the
   matters set forth herein, Respondents have consented to the entry of
   the findings and imposition of the cease-and-desist order ("Order") as
   set forth below.

                                    II.
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • Rockport Healthcare Group, Inc. Harry M. Neer, and Larry K. Hinson,
  • ORDER INSTITUTING PUBLIC CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 21C OF THE
  • The Securities and Exchange Commission deems it appropriate to institute public
  • Rockport is a Delaware corporation with its principal place of business in Houston, Harris
  • Rockport is a holding company with several subsidiary companies that provide services
  • He has been involved in the health care industry for over 30 years, including managing major
  • Neer had substantial experience in the health care industry, including aspects of the
  • He has been the chief financial officer and its corporate secretary and a member of
  • Neer and Hinson reviewed the promotional materials discussed in Paragraphs E,
  • As discussed in more detail in Paragraphs E through K below, all of these materials contained
  • E. On August 27, 1999, Rockport issued a press release stating that Rockport had "finalized a
  • A registered broker-dealer had merely agreed on a best-efforts basis to locate a lender or
  • Similarly, a September 20, 1999 promotional report posted on the www.investrend.com Internet
  • These statements were false or lacked a reasonable basis because it was expected that it
  • The August 20, 1999, press release further stated that the company's revenues had "increased
  • This statement was misleading because no final agreement existed.
  • K. An August 10, 1999 press release stated that one of Rockport's subsidiaries had an
  • N. Respondents violated Section 10of the Exchange Act and Rule 10b-5 thereunder, the
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