SEC v DAVID C. ERICKSON RELEASE NOS. 33-7813, 34-42540


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Keywords & Phrases

CaseNo: 33-7813, Defendant: David C. Erickson Release Nos. 33-7813, 34-42540, Plaintiff: SEC, State: OR Oregon, UniqueCaseRef: SEC>33-7813, Securities, Erickson, Act, Sales, Commission, Exchange Act, Proceeding, Offerings, Salespeople, Instituting, Potential Investors, Cease-and-desist Proceeding, Findings, Pursuant, Ftf, Representations, Offering Documents, Violation, Oral Sales Pitches, Sales Scripts, Bankruptcy, Foregoing, Thereunder, Respondent, Sanctions, Hereby, Facts, Lead Lists, Purchase, Sales Manager , ContentID: 120244314

Case Documents

2000-03-17

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111048

4 pages
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Total Documents: 1 document , 4 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

ERICKSON
ACT
SALES
COMMISSION
EXCHANGE ACT
PROCEEDING
OFFERINGS
SALESPEOPLE
INSTITUTING
POTENTIAL INVESTORS
CEASE-AND-DESIST PROCEEDING
FINDINGS
PURSUANT
FTF
REPRESENTATIONS
OFFERING DOCUMENTS
VIOLATION
ORAL SALES PITCHES
SALES SCRIPTS
BANKRUPTCY
FOREGOING
THEREUNDER
RESPONDENT
SANCTIONS
HEREBY
FACTS
LEAD LISTS
PURCHASE
SALES MANAGER

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES ACT OF 1933
   Release No. 7813 / March 17, 2000

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42540 / March 17, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10159

   In the Matter of

   DAVID C. ERICKSON,
   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 21C, 15(b) and
   19(h) of the Securities Exchange Act of 1934 ("Exchange Act") be
   instituted against respondent David C. Erickson ("Erickson").

   II.

   In anticipation of the institution of this administrative and
   cease-and-desist proceeding, Erickson 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 Erickson admits the jurisdiction of the Commission
   over him and over the subject matter of this proceeding, Erickson
   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

SECURITIES EXCHANGE ACT OF 1934

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, Erickson was the president, chief operating

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

Erickson, an officer and director of FTF, reviewed FTF's offering documents, authorized the

In connection with FTF's offerings, three sales scripts falsely represented that FTF was

Erickson knew, or was reckless in not knowing, that these representations were false.

Erickson filed for Chapter 7 bankruptcy protection in 1993 but failed to ensure that his

Erickson, by giving sales scripts to FTF's salespeople that he knew, or was reckless in not

By reason of the foregoing, Erickson willfully violated Section 17of the Securities Act and


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