SEC v VINCENT E. SERHAN RELEASE NOS. 33-7814, 34-42541


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Keywords & Phrases

CaseNo: 33-7814, Defendant: Vincent E. Serhan Release Nos. 33-7814, 34-42541, Plaintiff: SEC, State: OR Oregon, UniqueCaseRef: SEC>33-7814, Securities, Serhan, Commission, Securities Act, Proceeding, Exchange Act, Instituting, Offerings, Salespeople, Sale, Cease-and-desist Proceeding, Findings, Sanctions, Pursuant, Potential Investors, Violation, Respondent, Hereby, Ftf, Lead Lists, Imposing, Deems, Purpose, Entry, Broker-dealer, Investors Nationwide, Reviewing, Offering Documents, Authorized Payment, Oral Sales Pitches , ContentID: 120244313

Case Documents

2000-03-17

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111047

3 pages
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Total Documents: 1 document , 3 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SERHAN
COMMISSION
SECURITIES ACT
PROCEEDING
EXCHANGE ACT
INSTITUTING
OFFERINGS
SALESPEOPLE
SALE
CEASE-AND-DESIST PROCEEDING
FINDINGS
SANCTIONS
PURSUANT
POTENTIAL INVESTORS
VIOLATION
RESPONDENT
HEREBY
FTF
LEAD LISTS
IMPOSING
DEEMS
PURPOSE
ENTRY
BROKER-DEALER
INVESTORS NATIONWIDE
REVIEWING
OFFERING DOCUMENTS
AUTHORIZED PAYMENT
ORAL SALES PITCHES

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES ACT OF 1933
   Release No. 7814 / March 17, 2000

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42541 / March 17, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10160

   In the Matter of

   VINCENT E. SERHAN,
   Respondent.
   ORDER INSTITUTING PUBLIC
   ADMINISTRATIVE AND
   CEASE-AND-DESIST
   PROCEEDING, MAKING
   FINDINGS AND IMPOSING
   SANCTIONS

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate and in the public interest that a public administrative
   and cease-and-desist proceeding pursuant to Section 8A of the
   Securities Act of 1933 ("Securities Act") and Sections 15(b) and 19(h)
   of the Securities Exchange Act of 1934 ("Exchange Act") be instituted
   against respondent Vincent E. Serhan ("Serhan").

   II.

   In anticipation of the institution of this administrative and
   cease-and-desist proceeding, Serhan has submitted an Offer of
   Settlement ("Offer"), which the Commission has determined to accept.
   Solely for the purpose of this proceeding and any other proceeding
   brought by or on behalf of the Commission, or in which the Commission
   is a party, and without admitting or denying the findings contained
   herein, except that Serhan admits the jurisdiction of the Commission
   over him and over the subject matter of this proceeding, Serhan
   consents to the entry of this Order Instituting Public Administrative
   and Cease-and-Desist Proceeding, Making Findings and Imposing
   Sanctions ("Order").

   Accordingly, IT IS ORDERED that a proceeding pursuant to Section 8A of

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

ORDER INSTITUTING PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDING,

The Securities and Exchange Commission deems it appropriate and in the public interest that a

In anticipation of the institution of this administrative and cease-and-desist proceeding,

Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of

Accordingly, IT IS ORDERED that a proceeding pursuant to Section 8A of the Securities Act and

From December 1995 to at least March 1998, Serhan was the secretary, treasurer and a director

During the relevant period, from March 1994 to October 1996, Serhan was a registered

From December 1995 to March 1998, FTF conducted four unregistered preferred stock offerings,

FTF's salespeople solicited potential investors nationwide by, among other things,

Serhan, an officer and director of FTF, reviewed FTF's offering documents, authorized payment

Sections 5and 5of the Securities Act prohibit the offer or sale of securities unless the

Serhan, by reviewing FTF's offering documents, authorizing payment for lead lists for use in be carried through the mails or in interstate commerce, for the purpose of sale or for delivery

the Commission deems it appropriate and in the public interest to accept the Offer submitted

pursuant to Section 8A of the Securities Act, Serhan cease and desist from committing or


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