ORDER INSTITUTING PUBLIC v 19(H) OF THE SECURITIES


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Keywords & Phrases

CaseNo: 34-40977, Defendant: 19(H) OF THE SECURITIES, Plaintiff: ORDER INSTITUTING PUBLIC, UniqueCaseRef: SEC>34-40977, Act, Investment, Securities, Commission, Schaefer, Exchange Act, Investment Advisers, Ampg, Respondents, Investment Company, Hereby, Clients, Funds, Material Facts, State Material Facts, District, Sale, Purchasers, Proceedings Pursuant, Representing, Admitting, Findings, Jurisdiction, Sanctions, Basis, President, Florida, Broker-dealer, Judgement, Permanent , ContentID: 120244532

Case Documents

1999-01-26

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111266

4 pages
TXT

Total Documents: 1 document , 4 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

INVESTMENT
SECURITIES
COMMISSION
SCHAEFER
EXCHANGE ACT
INVESTMENT ADVISERS
AMPG
RESPONDENTS
INVESTMENT COMPANY
HEREBY
CLIENTS
FUNDS
MATERIAL FACTS
STATE MATERIAL FACTS
DISTRICT
SALE
PURCHASERS
PROCEEDINGS PURSUANT
REPRESENTING
ADMITTING
FINDINGS
JURISDICTION
SANCTIONS
BASIS
PRESIDENT
FLORIDA
BROKER-DEALER
JUDGEMENT
PERMANENT






                              UNITED STATES OF AMERICA
                                      before the
                          SECURITIES AND EXCHANGE COMMISSION


          SECURITIES EXCHANGE ACT OF 1934
          Release No.   40977 / January 26, 1999

          INVESTMENT ADVISERS ACT OF 1940
          Release No.    1784 / January 26, 1999

          INVESTMENT COMPANY ACT OF 1940
          Release No.  23663 / January 26, 1999

          ADMINISTRATIVE PROCEEDING
          File No.  3-9818
          _________________________
                                   :         ORDER INSTITUTING PUBLIC
                                   :         ADMINISTRATIVE PROCEEDINGS
          In the Matter of         :         PURSUANT TO SECTIONS 15(b) AND
                                   :         19(h) OF THE SECURITIES
          STEVEN R. SCHAEFER and   :         EXCHANGE ACT OF 1934,
          AMPG, Inc.,              :         SECTIONS 203(e) AND (f) OF THE
                                   :         INVESTMENT ADVISERS ACT OF
                                   :         1940 AND SECTION 9(b) OF THE
                                   :         INVESTMENT COMPANY ACT OF
           Respondents.            :         1940, MAKING FINDINGS AND
                                   :         IMPOSING REMEDIAL SANCTIONS
          ________________________ :


                                         I.

               The Securities and Exchange Commission ("Commission") deems
          it appropriate and in the public interest that public
          administrative proceedings be instituted against Steven R.
          Schaefer ("Schaefer") and AMPG, Inc. ("AMPG") (collectively, the
          "Respondents") pursuant to Sections 15(b) and 19(h) of the
          Securities Exchange Act of 1934 ("Exchange Act"), Sections 203(e)
          and (f) of the Investment Advisers Act of 1940 ("Advisers Act")
          and Section 9(b) of the Investment Company Act of 1940
          ("Investment Company Act").

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

INVESTMENT ADVISERS ACT OF 1940

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

In anticipation of the institution of these proceedings, Schaefer and AMPG have each

Solely for the purpose of these proceedings and any other proceedings brought by or on behalf

Act of 1940 and Section 9of the Investment Company Act of 1940, Making Findings, and Imposing

Accordingly, IT IS HEREBY ORDERED that proceedings pursuant to Sections 15and 19of the

On the basis of this Order and the Respondents’ Offers,

Schaefer was, during the relevant period, the president and principal of AMPG, an investment

Schaefer also operated an office of supervisory jurisdiction for, and, from June 1989 to

On April 7, 1998, a final judgment of permanent injunction was entered against Schaefer and

The final judgment permanently enjoins Schaefer and AMPG from further violations of Section

The Commission alleged in its complaint that AMPG and Schaefer, who operates and is president

The elderly clients were assured that the note proceeds, representing funds they had

above, from approximately February 1997 through December 1997, Respondents willfully violated ecessary to make the statements made, in the light of the circumstances under which they were made,

On the basis of the foregoing, the Commission deems it appropriate and in the public interest


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