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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
BULAS EXCHANGE ACT INVESTORS ADMINISTRATIVE PROCEEDINGS ALLEGES FUNDS EXCHANGE COMMISSION INSTITUTING REMEDIAL SANCTIONS REGISTERED BROKER-DEALER ADMINISTRATIVE PROCEEDINGS PURSUANT LUIS BULAS MIAMI FLORIDA ALLEGATION JUDGEMENT PERMANENT INJUNCTION ENJOINING VIOLATIONS THEREUNDER CORPORATE SECURITIES GROUP INTERSECURITIES BULAS OBTAINED FUNDS FALSE PRETENSE MONIES STOCKS MUTUAL FUNDS SECURED PROMISSORY NOTES REALITY |
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42956 / June 19, 2000
ADMINISTRATIVE PROCEEDING FILE NO. 3-10235
The United States Securities and Exchange Commission ("Commission")
has instituted administrative proceedings pursuant to Sections 15(b)
and 19(h) of the Securities Exchange Act of 1934 ("Exchange Act")
against Luis Bulas, Jr. ("Bulas") of Miami, Florida, to determine
whether remedial sanctions should be imposed against him based on an
allegation that a final judgment of permanent injunction was entered
against Bulas, enjoining him from further violations of Section 17(a)
of the Securities Act of 1933 ("Securities Act"), Sections 10(b) and
15(a)(1) of the Exchange Act and Rule 10b-5 thereunder. The Order
Instituting Public Administrative Proceedings ("Order") alleges that
Bulas was associated with Corporate Securities Group, a registered
broker-dealer, during the period of April 1993 through December 1996,
and that during the period of July 1997 through November 1997, Bulas
was associated with Intersecurities, Inc., a registered broker-dealer.
The Order further alleges, among other things, that during the period
from at least March 1995 through October 1997, Respondent Bulas
misappropriated approximately $700,000 from eleven investors. The
Order alleges that Bulas obtained funds from investors on the false
pretense that he would invest their monies in stocks, mutual funds,
secured promissory notes and other investments when, in reality, he
misappropriated their funds. A hearing will be scheduled to determine
whether remedial sanctions will be imposed against Bulas.
_________________________________________________________________
Modified 06/19/2000
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