UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7893 / September 21, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10292
In the Matter of
E-INVEST, INC., formerly known as,
ASHTIN KELLY & CO. ,
and WILLIAM JONATHAN WRIDE
Respondent.
ORDER UNDER
RULE 602(e) OF THE
SECURITIES ACT OF 1933
GRANTING A WAIVER OF THE
DISQUALIFICATION
PROVISION OF RULE 602(c)(3)
E-Invest, Inc., formerly known as, Ashtin Kelly & Co. ("Ashtin") has
submitted a letter, dated August 22, 2000, for waiver of the
disqualification from the exemption under Regulation E arising from
Ashtin's settlement of an administrative proceeding commenced by
Commission. On September 21, 2000, pursuant to Ashtin's Offer of
Settlement, the Commission issued an Order Instituting Administrative
and Cease-and-Desist Proceedings, Making Findings and Imposing
Remedial Sanctions ("Order") against Ashtin. Under the Order, the
Commission found that Ashtin willfully violated, and committed or
caused violations of, Section 5(a) of the Securities Act of 1933
("Securities Act") and Sections 15(c)(3), 17(a) of the Securities
Exchange Act of 1934 ("Exchange Act") and Rules 15c3-1, 17a-3, 17a-5
and 17a-11 promulgated thereunder.
In the Order, the Commission (1) censures Ashtin; (2) requires Ashtin
to cease and desist from committing or causing any violations and any
future violations of Section 5(a) of the Securities Act and Sections
15(c)(3), 17(a) of the Exchange Act and Rules 15c3-1, 17a-3, 17a-5 and
17a-11, promulgated thereunder; and (3) orders Ashtin to pay a civil
penalty of $20,000.
The Regulation E exemption is not available for the securities of an
issuer if a director, officer, principal security holder, investment
adviser or underwriter of the securities to be offered, or any
partner, director or officer of such investment adviser or
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
and WILLIAM JONATHAN WRIDE Respondent.
SECURITIES ACT OF 1933 GRANTING A WAIVER OF THE DISQUALIFICATION
E-Invest, Inc., formerly known as, Ashtin Kelly & Co. has submitted a letter, dated August
On September 21, 2000, pursuant to Ashtin's Offer of Settlement, the Commission issued an
Under the Order, the Commission found that Ashtin willfully violated, and committed or caused
In the Order, the Commission censures Ashtin; requires Ashtin to cease and desist from
The Regulation E exemption is not available for the securities of an issuer if a director,
Based upon the representations set forth in Ashtin's request, the Commission has determined
Accordingly, IT IS ORDERED, pursuant to Rule 602under the Securities Act, that a waiver from
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