UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
RELEASE NO. 43287 / September 13, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10235
In the Matter of
LUIS BULAS, JR.,
Respondent.
ORDER MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
I.
For the purposes of disposing of the issues raised by these
proceedings, Luis Bulas, Jr. ("Bulas" or "Respondent"), has submitted
an Offer of Settlement that the Securities and Exchange Commission
("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 in which the Commission is a party, prior to a
hearing pursuant to the Commission's Rules of Practice, 17 C.F.R.
201.100 et
seq., and without admitting or denying the findings contained below,
except as to the jurisdiction of the Commission over him and over the
subject matter of these proceedings, and as to the findings contained
in paragraph II.A., below, and as to the entry of the injunction as
set forth in paragraph II.D., below, which are admitted, Respondent
consents to the entry of this Order Making Findings and Imposing
Remedial Sanctions ("Order").
II.
FINDINGS
On the basis of this Order, the Corrected Order Instituting Public
Proceedings Pursuant to Sections 15(b) and 19(h) of the Securities
Exchange Act of 1934 ("Order Instituting Proceedings"), and the
Respondent Bulas' Offer of Settlement, the Commission finds that
A. At all relevant times, Respondent Bulas was associated with
broker-dealers registered with the Commission. Specifically, during
the period of April 1993 through December 1996, Respondent Bulas was
associated with registered broker-dealer Corporate Securities Group,
SNIPPETS:
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
For the purposes of disposing of the issues raised by these proceedings, Luis Bulas, Jr.
has submitted an Offer of Settlement that the Securities and Exchange Commission
Solely for the purpose of this proceeding and any other proceedings brought by or on behalf
y of the injunction as set forth in paragraph II.D., below, which are admitted, Respondent consents
On the basis of this Order, the Corrected Order Instituting Public Proceedings Pursuant to
Respondent Bulas was associated with broker-dealers registered with the Commission.
Specifically, during the period of April 1993 through December 1996, Respondent Bulas was
On September 23, 1998, the Commission filed a complaint in the United States District Court
The Complaint charged Respondent Bulas with violations of Section 17of the Securities Act of
The Commission's Complaint alleged, among other things, that during the period from at least
The Complaint alleged that Bulas used various means and devices to defraud investors but
Bulas would then obtain funds from investors on the false pretense that he would invest their
On October 5, 1999, the District Court entered a final judgment of permanent injunction and
Effective immediately, Respondent Bulas be, and hereby is, barred from association with any
|
