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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE MARCHESE PROCEEDING EXCHANGE ACT POWER PUBLICATIONS PENNY STOCKS SETTLEMENT BROKER DEALER SANCTIONS PURSUANT INVESTMENT ADMITTING FINDINGS POWER SECURITIES CORPORATION DISTRICT FRAUDULENT DIRECTING REPRESENTATIVES ART CARDS STAR PUBLICATIONS DIRECTING EXCESSIVE MARKUPS PRICES STOCKS SOLD FAILING DISCLOSE CONTROL |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 40966 / January 22, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9817
: ORDER INSTITUTING A PUBLIC
In the Matter of : PROCEEDING PURSUANT TO SECTIONS
: 15(b)(6) AND 19(h) OF THE SECURITIES
: EXCHANGE ACT OF 1934, MAKING
Richard Marchese, : FINDINGS AND IMPOSING REMEDIAL
SANCTIONS
:
I.
The Securities and Exchange Commission ("Commission") deems
it
appropriate and in the public interest that a proceeding
be
instituted pursuant to Sections 15(b)(6) and 19(h) of the
Securities
Exchange Act of 1934 ("Exchange Act") with respect to
Richard
Marchese, ("Marchese").
In anticipation of the institution of these
proceedings,
Marchese has submitted to the Commission 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 of fact or conclusions of
law,
except those contained in paragraphs III.A. and B. below, which
are
admitted, Marchese consents to the entry of this Order Instituting
a
SNIPPETS:
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