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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE ACT SECURITIES LOTUS ADMINISTRATIVE PROCEEDINGS INSTITUTING PURSUANT HEREBY MAKING FINDINGS IMPOSING REMEDIAL SANCTIONS SETTLEMENT TENDER IBM AMOUNT IMPOSE UNITED STATES MATTER SAMUEL DEEMS ENTRY PERMANENT CONSENTS BROKER-DEALER DISTRICT CIVIL VIOLATION THEREUNDER TRANSACTIONS LOTUS DEVELOPMENT CORPORATION |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 43106 \ August 2, 2000
Administrative Proceeding
File No. 3-10260
_________________________________________________________________
In the Matter of
Samuel G. Lederman,
Respondent.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE
PROCEEDINGS, MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
PURSUANT TO SECTIONS 15(b) AND
19(h) OF THE SECURITIES
EXCHANGE ACT OF 1934
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that administrative proceedings
be instituted pursuant to Sections 15(b) and 19(h) of the Securities
Exchange Act of 1934 ("Exchange Act") against Samuel G. Lederman
("Lederman").
In anticipation of the institution of these administrative
proceedings, Lederman has submitted an Offer of Settlement, which the
Commission has determined to accept. Solely for purposes of these
proceedings 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 findings herein, except as to the
jurisdiction of the Commission over him and the subject matter of
these proceedings and the entry of the permanent injunction as
described in paragraph II.D. below, which he admits, Lederman consents
to the entry of this Order Instituting Administrative Proceedings,
Making Findings and Imposing Remedial Sanctions Pursuant to Sections
15(b) and 19(h) of the Securities Exchange Act of 1934 ("Order").
Accordingly, IT IS HEREBY ORDERED that public administrative
proceedings be, and hereby are, instituted against Lederman pursuant
SNIPPETS:
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