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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
ACT COMMISSION SECURITIES EXCHANGE ACT ACCOUNT ADVISERS ACT DISTRICT COURT PURSUANT INVESTMENT ADVISERS JUDGEMENT DIVERT ADMINISTRATIVE PROCEEDINGS FINDINGS VIOLATING SCHEME CUSTOMER ACCOUNTS GECON ACCOUNT COMPLAINT FUNDS DIVIDEND DIVERTED ASSETS MISLEADING INDICTMENT ASSERTION UNITED STATES INCORPORATES BROKER-DEALER SOUTHERN DISTRICT YORK |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 44274 / May 8, 2001
INVESTMENT ADVISERS ACT OF 1940
Release No. 1942 / May 8, 2001
ADMINISTRATIVE PROCEEDING
File No. 3-10477
_________________________________________________________________
ORDER INSTITUTING PUBLIC
In the Matter of ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 15(b)(6)
Edward E. Bao, OF THE SECURITIES EXCHANGE
ACT OF 1934 AND SECTION 203(f) OF
Respondent. THE INVESTMENT ADVISERS ACT
OF 1940, MAKING FINDINGS, AND
IMPOSING SANCTIONS
_________________________________________________________________
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest to institute public
administrative proceedings pursuant to Section 15(b)(6) of the
Securities Exchange Act of 1934 ("Exchange Act") and Section 203(f) of
the Investment Advisers Act of 1940 ("Advisers Act") against Edward E.
Bao ("Bao").
II.
In anticipation of the institution of these administrative
proceedings, Bao has submitted an Offer of Settlement which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, and without
admitting or denying the findings herein, except as to the entry of
the injunction and the conviction as set forth in Section III.B. and
D. below, and as to the jurisdiction of the Commission over him and
the subject matter of the proceeding, which are admitted, Bao consents
to the entry of this Order Instituting Public Administrative
Proceedings Pursuant to Section 15(b)(6) of the Securities Exchange
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