SEC v THE DREYFUS CORPORATION and MICHAEL L. SCHONBERG RELEASE NOS. 33-7857, IA-1870, IC-24450


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Keywords & Phrases

CaseNo: 33-7857, Defendant: The Dreyfus Corporation and Michael L. Schonberg Release Nos. 33-7857, IA-1870, ic-24450, Plaintiff: SEC, State: OR Oregon, UniqueCaseRef: SEC>33-7857, Dreyfus, Schonberg, Securities, Investment Company Act, Advisers Act, Ipos, Exchange Commission, Funds, Administrative Proceedings, Respondents, Pursuant, Dag, Net Asset, Ipo Shares, Growth, United States, Making Findings, Desist Pursuant, Allocation, Transactions, Consultant, Portfolio Manager, Dreyfus Corporation, Order Instituting Proceedings, Remedial Sanctions, First Trading, Average Daily Net, Growth Received Shares, Prospective Shareholders, Ordering Respondents , ContentID: 120244632

Case Documents

2000-05-10

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111366

13 pages
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Total Documents: 1 document , 13 pages

Price: $ 19.95

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SCHONBERG
SECURITIES
INVESTMENT COMPANY ACT
ADVISERS ACT
IPOS
EXCHANGE COMMISSION
FUNDS
ADMINISTRATIVE PROCEEDINGS
RESPONDENTS
PURSUANT
DAG
NET ASSET
IPO SHARES
GROWTH
UNITED STATES
MAKING FINDINGS
DESIST PURSUANT
ALLOCATION
TRANSACTIONS
CONSULTANT
PORTFOLIO MANAGER
DREYFUS CORPORATION
ORDER INSTITUTING PROCEEDINGS
REMEDIAL SANCTIONS
FIRST TRADING
AVERAGE DAILY NET
GROWTH RECEIVED SHARES
PROSPECTIVE SHAREHOLDERS
ORDERING RESPONDENTS

UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION

   INVESTMENT ADVISERS ACT OF 1940
   RELEASE NO. 1870 / May 10, 2000

   INVESTMENT COMPANY ACT OF 1940
   RELEASE NO. 24450 / May 10, 2000

   SECURITIES ACT OF 1933
   RELEASE NO. 7857 / May 10, 2000

   ADMINISTRATIVE PROCEEDING
   FILE NO. 3-10201
   In the Matter of

   The Dreyfus Corporation
   and Michael L. Schonberg,
   Respondents.
   ORDER INSTITUTING PROCEEDINGS,
   MAKING FINDINGS, IMPOSING
   REMEDIAL SANCTIONS AND
   ORDERING RESPONDENTS TO CEASE
   AND DESIST PURSUANT TO SECTIONS
   203(e), 203(f), AND 203(k) OF THE
   INVESTMENT ADVISERS ACT OF 1940,
   SECTIONS 9(b) AND 9(f) OF THE
   INVESTMENT COMPANY ACT OF 1940,
   AND SECTION 8A OF THE SECURITIES
   ACT OF 1933

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate and in the public interest that public administrative
   proceedings be instituted against The Dreyfus Corporation ("Dreyfus")
   and Michael L. Schonberg (collectively "Respondents") pursuant to
   Sections 203(e), 203(f), and 203(k) of the Investment Advisers Act of
   1940 ("Advisers Act"), Sections 9(b) and 9(f) of the Investment
   Company Act of 1940 ("Investment Company Act"), and Section 8A of the
   Securities Act of 1933 ("Securities Act").

   In anticipation of the institution of these administrative
   proceedings, Respondents have submitted Offers of Settlement
   ("Offers") 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,

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

INVESTMENT ADVISERS ACT OF 1940

The Dreyfus Corporation and Michael L. Schonberg,

ORDER INSTITUTING PROCEEDINGS, MAKING FINDINGS, IMPOSING REMEDIAL SANCTIONS AND ORDERING

INVESTMENT COMPANY ACT OF 1940, AND SECTION 8A OF THE SECURITIES ACT OF 1933

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

In anticipation of the institution of these administrative proceedings, Respondents have

Dreyfus serves as investment adviser for the Dreyfus Aggressive Growth Fund and other

He served as portfolio manager for five of the Dreyfus Funds, including DAG, at intervals

Dreyfus Growth and Value Funds, Inc. is an open end, management investment company within the

Over the course of DAG's first fiscal year, Schonberg's allocations of securities purchased