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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
INTILE EXCHANGE ACT RESPONDENT REPORTS SECURITIES EXCHANGE ACT PURSUANT TAXES INCOME VIOLATION ACCOUNTING CEASE-AND-DESIST ORDER CONDUCTED BUSINESS PROPERTY TAXES FOREGOING COMMITTING THEREUNDER DEEMS INTILE DESIGNS FINDINGS ENTRY PRINCIPLES TEXAS EXPENSES INVENTORY TAXING AUTHORITIES AMOUNT ACCRUE QUARTERLY REPORTS BALANCE SHEET |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42813 / May 23, 2000
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1259
ADMINISTRATIVE PROCEEDING
File No. 3-10208
In the Matter of ORDER INSTITUTING PUBLIC
PROCEEDINGS PURSUANT TO
Intile Designs, Inc. SECTION 21C OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING
Respondent. FINDINGS AND IMPOSING A CEASE -
AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that public cease-and-desist proceedings against Intile
Designs, Inc. ("Intile" or "Respondent") be initiated pursuant to
Section 21C of the Securities Exchange Act of 1934 ("Exchange Act").
In anticipation of the institution of these proceedings, Respondent
has submitted an Offer of Settlement ("Offer"), that 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
in which the Commission is a party, and without admitting or denying
the findings contained herein, except that Respondent admits the
Commission's jurisdiction over it and over the subject matter of these
proceedings, Respondent has consented to the entry of this Order
Instituting Public Proceedings Pursuant to Section 21C of the
Securities Exchange Act of 1934, Making Findings and Imposing a
Cease-and-Desist Order ("Order") and to the entry of the
cease-and-desist order set forth below.
II.
SNIPPETS:
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