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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
ORDER INSTITUTING ALLEGES COMPLAINT ALLEGES STOCK SECURITIES EXCHANGE ACT RESPONDENT VANDER TUIG FASTLANE STOCK SHARES PRICE PURSUANT ACCOUNTS COMMISSION NOMINEES UNITED STATES LAMBERT PRACTICE BROKER-DEALER JUDGEMENT INVESTORS CIVIL UNREGISTERED OFFERING ACCORDING SOLD WASH SALE IMPOSING REMEDIAL SANCTIONS MOTION RELIEF DISTRICT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 43158/August 16, 2000
ADMINISTRATIVE PROCEEDING
FILE NO. 3-10223
In the Matter of
LAMBERT D. VANDER TUIG
ORDER ENTERING DEFAULT,
MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS ORDER INSTITUTING PUBLIC
This Proceeding was initiated by the Securities and Exchange
Commission ("Commission") with an Order Instituting Public
Administrative Proceeding Pursuant to Sections 15(b) and 19(h) of the
Securities Exchange Act of 1934 ("Order Instituting Proceedings"), on
June 13, 2000. Based on the Order Instituting Proceedings and the
files and records of this proceeding, I find that
I.
A. On June 13, 2000, the Office of the Secretary of the Commission
("Secretary") served by certified mail the Order Instituting
Proceedings on Respondent Lambert D. Vander Tuig ("Vander Tuig").
B. The Secretary received a return receipt card signed and dated by
Respondent Vander Tuig indicating that he received the Order
Instituting Proceedings on June 16, 2000.
C. Respondent Vander Tuig has failed to answer or otherwise respond to
the Order Instituting Proceedings within the time required by Rule 220
of the Commission's Rules of Practice, 17 C.F.R. § 201.220.
D. By motion dated July 20, 2000, and draft order dated July 28, 2000,
the Division of Enforcement ("Division") moved for entry of default
against Respondent Vander Tuig pursuant to Rule 155(a) of the
Commission's Rules of Practice, 17 C.F.R. § 201.155(a). No opposition
to the Division's motion for default or draft order has been filed and
the time for filing an opposition has expired. Respondent is therefore
in default.
II.
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