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SEC v JOHN BLACK Click to find out why . . .



Keywords & Phrases
CaseNo: 33-7885, Defendant: John Black, Plaintiff: SEC, UniqueCaseRef: SEC>33-7885, Snlv, Securities Act, Disclosing, Commission, Stock, Plus Solutions, Violation, Respondent, Shares, Merger, Administrative Proceedings, Instituting, Employee, Internet, Bulletin Board, Compensation, Touting, Promoting, Agreement, Electronic Commerce, Exchange Commission, Matter, John Black, Findings, Pursuant, Bonus, Remuneration, Unlawful, Tout, Vancouver , ContentID: 120244266

Case Documents
1 2000-09-06 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 111000
4 pages
HTML
Total Documents: 1 document , 4 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
SECURITIES ACT
DISCLOSING
COMMISSION
STOCK
PLUS SOLUTIONS
VIOLATION
RESPONDENT
SHARES
MERGER
ADMINISTRATIVE PROCEEDINGS
INSTITUTING
EMPLOYEE
INTERNET
BULLETIN BOARD
COMPENSATION
TOUTING
PROMOTING
AGREEMENT
ELECTRONIC COMMERCE
EXCHANGE COMMISSION
MATTER
JOHN BLACK
FINDINGS
PURSUANT
BONUS
REMUNERATION
UNLAWFUL
TOUT
VANCOUVER
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   Securities Act of 1933
   Release No. 7885 / September 6, 2000

   Administrative Proceedings
   File No. 3-10276

   In the Matter of

   John Black,
   Respondent.
   ORDER INSTITUTING PUBLIC
   PROCEEDINGS, MAKING
   FINDINGS AND ISSUING CEASE-AND-
   DESIST ORDER

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate and in the public interest that public administrative
   proceedings be instituted pursuant to Section 8A of the Securities Act
   of 1933 ("Securities Act") against John Black ("Black").

   II.

   In anticipation of the institution of this administrative proceeding,
   Black has submitted an Offer of Settlement ("Offer") which the
   Commission, after due consideration, has determined is in the public
   interest to accept. Solely for the purpose of these proceedings, and
   any other proceedings brought by or on behalf of the Commission or in
   which the Commission is a party, Black, without admitting or denying
   the findings contained herein, except admitting the jurisdiction of
   the Commission over him and the subject matter of these proceedings,
   consents to the issuance of this Order Instituting Public
   Administrative Proceedings, Making Findings, and Issuing a
   Cease-and-Desist Order ("Order").

   III.

   Accordingly, IT IS ORDERED that public administrative proceedings
   pursuant to Section 8A of the Securities Act be, and hereby are,
   instituted.

   IV.

SNIPPETS:
  • ORDER INSTITUTING PUBLIC PROCEEDINGS, MAKING FINDINGS AND ISSUING CEASE-AND-DESIST ORDER
  • The Securities and Exchange Commission deems it appropriate and in the public interest that
  • Solely for the purpose of these proceedings, and any other proceedings brought by or on
  • This employee, the respondent in this proceeding, failed to disclose that he was promised
  • The respondent's failure to disclose this remuneration was fraudulent, and in violation of
  • John Black, a resident of Vancouver, Canada, was employed by a Vancouver investor-relations
  • Fleming Financial was retained in mid-1999 by a privately held company, Plus Solutions, Inc.,
  • In November 1999, Fleming Financial recommended a merger with SNLV, which had filed a
  • Black agreed to post messages touting SNLV's stock on the Internet as a means of promoting
  • Black's message compared SNLV to two highly successful companies that sell electronic
  • Black did not disclose his agreement with Fleming Financial, which entitled to him to receive
  • Black did not disclose that he was entitled to receive remuneration for touting SNLV.
  • The respondent violated Section 17by touting SNLV on Raging Bull without disclosing the fact
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