SEC v RONALD G. DAVIES - Legal Case Documents


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SEC v RONALD G. DAVIES

Keywords & Phrases

CaseNo: 34-42987, Defendant: Ronald G. Davies, Plaintiff: SEC, UniqueCaseRef: SEC>34-42987, Davies, Ikon, Hybrid, Purchase, Sales Personnel, Exchange Act, Commission, Proceeding, Request, Confirmation, Auditors, Audit Confirmation, Management, Financial Statements, Securities, Accounting, Cease-and-desist Proceeding, Revenue, Violations, Ronald, Instituting, Findings, Misleading Audit, Concealment, Thereunder, Matter, Respondent, Pursuant, Customer, Transaction , ContentID: 120244585

Case Documents

2000-06-29

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111319

6 pages
HTML

Total Documents: 1 document , 6 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

IKON
HYBRID
PURCHASE
SALES PERSONNEL
EXCHANGE ACT
COMMISSION
PROCEEDING
REQUEST
CONFIRMATION
AUDITORS
AUDIT CONFIRMATION
MANAGEMENT
FINANCIAL STATEMENTS
SECURITIES
ACCOUNTING
CEASE-AND-DESIST PROCEEDING
REVENUE
VIOLATIONS
RONALD
INSTITUTING
FINDINGS
MISLEADING AUDIT
CONCEALMENT
THEREUNDER
MATTER
RESPONDENT
PURSUANT
CUSTOMER
TRANSACTION

   UNITED STATES OF AMERICA
   Before the
   SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42987 / June 29, 2000

   AUDITING AND ACCOUNTING ENFORCEMENT
   Release No. 1281 / June 29, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10244
     _________________________________________________________________

   In the Matter of

   Ronald G. Davies,

     Respondent.
     _________________________________________________________________


   ORDER INSTITUTING PUBLIC
   CEASE-AND-DESIST PROCEEDING,
   MAKING FINDINGS, AND ISSUING
   A CEASE-AND-DESIST ORDER
   AGAINST RONALD G. DAVIES

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate that a public cease-and-desist proceeding be instituted
   pursuant to Section 21C of the Securities Exchange Act of 1934
   ("Exchange Act") against Ronald G. Davies.

   Accordingly, IT IS HEREBY ORDERED that a cease-and-desist proceeding
   against Davies be, and hereby is, instituted.

   II.

   In anticipation of the institution of this proceeding, Davies has
   submitted an Offer of Settlement ("Offer"), which the Commission has
   determined to accept. Solely for the purpose of this proceeding and
   any other proceedings 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 Davies admits the jurisdiction
   of the Commission over him and over the subject matter of this
   proceeding, Davies consents to the issuance of this Order Instituting

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

ADMINISTRATIVE PROCEEDING

ORDER INSTITUTING PUBLIC CEASE-AND-DESIST PROCEEDING, MAKING FINDINGS, AND ISSUING A

The Securities and Exchange Commission deems it appropriate that a public cease-and-desist

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

This matter concerns a misleading audit confirmation sent by a customer of Hybrid Networks,

In late 1997, Ronald Davies, an Executive Vice President of Ikon Office Solutions,

As part of that transaction, Davies obtained a letter from Hybrid's sales representative

Davies learned information that should have alerted him to the fact that Hybrid's sales

When Hybrid and its auditors, as part of the preparation of the Company's financial

Respondent

Ikon was Hybrid's largest customer during the relevant period, accounting for over a third of

On December 22, 1997, pursuant to Davies' request, Hybrid's sales representative sent a

Davies knew, based on Hybrid's inquiries about the right of return and the requests from

F. Davies Caused Violations Of The Exchange Act And The Regulations Thereunder

Section 10of the Exchange Act and Rule 10b-5 thereunder prohibit material misrepresentations


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