SEC v PAUL A. BARRIOS RELEASE NOS. 33-7810, 34-42531


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Keywords & Phrases

CaseNo: 33-7810, Defendant: Paul A. Barrios Release Nos. 33-7810, 34-42531, Plaintiff: SEC, State: OR Oregon, UniqueCaseRef: SEC>33-7810, Barrios, Securities, Act, Exchange Act, Commission, Proceeding, Ftf, Broker-dealer, Misrepresenting, Instituting, Pursuant, Salespeople, Stock, Sale, Cease-and-desist Proceeding, Findings, Sanctions, Offerings, Video Conferencing Computers, Foregoing, Exempt, Interstate Commerce, Mails, Reason, Thereunder, Respondent, Hereby, Lead Salesman, Facts, Investors Nationwide , ContentID: 120244317

Case Documents

2000-03-15

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111051

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
EXCHANGE ACT
COMMISSION
PROCEEDING
FTF
BROKER-DEALER
MISREPRESENTING
INSTITUTING
PURSUANT
SALESPEOPLE
STOCK
SALE
CEASE-AND-DESIST PROCEEDING
FINDINGS
SANCTIONS
OFFERINGS
VIDEO CONFERENCING COMPUTERS
FOREGOING
EXEMPT
INTERSTATE COMMERCE
MAILS
REASON
THEREUNDER
RESPONDENT
HEREBY
LEAD SALESMAN
FACTS
INVESTORS NATIONWIDE

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES ACT OF 1933
   Release No. 7810 / March 15, 2000

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42531 / March 15, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10157

   In the Matter of

   PAUL A. BARRIOS,
   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 Paul A. Barrios ("Barrios").

   II.

   In anticipation of the institution of this administrative and
   cease-and-desist proceeding, Barrios 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 Barrios admits the jurisdiction of the Commission
   over him and over the subject matter of this proceeding, Barrios
   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, Barrios managed the salespeople at Face to Face

During the relevant period, from September 1995 to December 1995, Barrios was a registered

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

Barrios misrepresented that FTF had a large purchase order for video conferencing computers

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

Barrios, by managing FTF's salespeople and by personally offering and selling FTF's stock,

By reason of the foregoing, Barrios willfully violated Sections 5and 5of the Securities Act.

Barrios, by misrepresenting that FTF had a large purchase order for video conferencing ere made, not misleading.

Barrios willfully violated Section 17of the Securities Act and Section 10of the Exchange Act


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