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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SALES REVENUE EXCHANGE ACT REPORTS SECURITIES COMMISSION ACCOUNTING JOURNAL ENTRIES INVENTORY SCHEME GOODS CONTROLLER IMPROPER BULK ORDERS INVOICES FINANCIAL STATEMENTS NET INCOME REVERSE IMPORTER RECOGNIZED REVENUE TRANSACTIONS YEAR-END INSTITUTING FORMER EMPLOYEES PERIODIC REPORTS OPENS THIRD-PARTY WAREHOUSE LOSS PHONY |
UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 7636 / February 2, 1999 SECURITIES EXCHANGE ACT OF 1934 Release No. 41012 / February 2, 1999 ACCOUNTING AND AUDITING ENFORCEMENT Release No. 1104 / February 2, 1999 ADMINISTRATIVE PROCEEDING File No. 3-9822 In the Matter of DONNKENNY, INC., Respondent. Order Instituting Public Administrative Proceedings, Making Findings, and Instituting a Cease-and-Desist Order I. The Commission deems it appropriate that public administrative proceedings be, and hereby are, instituted against Donnkenny, Inc., pursuant to Section 8A of the Securities Act of 1933 (Securities Act) and Section 21C of the Securities Exchange Act of 1934 (Exchange Act). II. In anticipation of the institution of these proceedings, Donnkenny has submitted an offer of settlement, which the Commission has determined to accept. Solely for the purpose 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 contained in this order (except that Donnkenny admits that the Commission has jurisdiction over it and over the subject matter of these proceedings), Donnkenny consents to the entry of the findings and the institution of the cease-and-desist order set forth below. III. The Commission finds the following A. FACTSSNIPPETS: |
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