SEC v PREMIER LASER SYSTEMS INC. RELEASE NOS. 33-7902, et al


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Keywords & Phrases

CaseNo: 33-7902, Defendant: Premier Laser Systems Inc. Release Nos. 33-7902, 34-43358, Plaintiff: SEC, UniqueCaseRef: SEC>33-7902, Premier, Exchange Act, Lasers, Schein, Securities, Sale, Customer Order Form, Accounting, Commission, Customer Order, Proceeding, Executive Vice, Violations, Vice President, Freight Forwarder, Cfo, Cease-and-desist Proceeding, Pursuant, Purchase, Instituting, Control, Thereunder, Respondent, Marketing, Books, Boxes, Internal Control, Reporting, Documenting, Issuers , ContentID: 120244223

Case Documents

2000-09-27

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 110957

5 pages
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Total Documents: 1 document , 5 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

EXCHANGE ACT
LASERS
SCHEIN
SECURITIES
SALE
CUSTOMER ORDER FORM
ACCOUNTING
COMMISSION
CUSTOMER ORDER
PROCEEDING
EXECUTIVE VICE
VIOLATIONS
VICE PRESIDENT
FREIGHT FORWARDER
CFO
CEASE-AND-DESIST PROCEEDING
PURSUANT
PURCHASE
INSTITUTING
CONTROL
THEREUNDER
RESPONDENT
MARKETING
BOOKS
BOXES
INTERNAL CONTROL
REPORTING
DOCUMENTING
ISSUERS

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES ACT OF 1933
   Release No. 7902 / September 27, 2000

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 43358 / September 27, 2000

   ACCOUNTING AND AUDITING ENFORCEMENT
   Release No. 1314 / September 27, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10312

   In the Matter of

   Premier Laser Systems, Inc.
   Respondent.
   ORDER INSTITUTING
   CEASE-AND-DESIST PROCEEDING,
   MAKING FINDINGS AND IMPOSING
   CEASE-AND-DESIST ORDER

   I.

   The Securities and Exchange Commission (the "Commission") deems it
   appropriate to institute a cease-and-desist proceeding pursuant to
   Section 8A of the Securities Act of 1933 ("Securities Act") and
   Section 21C of the Securities Exchange Act of 1934 ("Exchange Act")
   against Premier Laser Systems, Inc. ("Premier").

   II.

   In anticipation of the institution of the cease-and-desist proceeding,
   Premier has submitted an Offer of Settlement ("Offer"), which the
   Commission has determined to accept. Solely for the purpose of this
   proceeding 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 Commission's findings, except the
   Commission's jurisdiction over it and over the subject matter of this
   proceeding, which are admitted, Premier consents to the entry of this
   Order Instituting Cease-And-Desist Proceeding, Making Findings And
   Imposing Cease-And-Desist Order ("Order").

   ACCORDINGLY, IT IS ORDERED that a cease-and-desist proceeding pursuant
   to Section 8A of the Securities Act and Section 21C of the Exchange

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

Premier Laser Systems, Inc. Respondent.

ORDER INSTITUTING CEASE-AND-DESIST PROCEEDING, MAKING FINDINGS AND IMPOSING CEASE-AND-DESIST

Section 21C of the Securities Exchange Act of 1934 against Premier Laser Systems,

Solely for the purpose of this proceeding and any other proceedings brought by or on behalf

ACCORDINGLY, IT IS ORDERED that a cease-and-desist proceeding pursuant to Section 8A of the

During the relevant period, Premier developed, manufactured and marketed several lines of

On December 23, 1997, Premier signed a non-binding letter of intent with Henry Schein, Inc.,

Premier's now-deceased Executive Vice President and acting Vice President of Sales and

Nevertheless, sometime during the last week of December 1997, Premier's Executive Vice

Premier arranged for the lasers to be stored at its domestic freight forwarder.