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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION PROXY STATEMENT FINANCIAL STATEMENTS EXCHANGE ACT PHILLIPS PROXY MATERIALS RESPONDENT PURSUANT SHAREHOLDERS SECURITIES EXCHANGE ACT CEASE-AND-DESIST PROCEEDINGS DEFINITIVE PROXY COMBINED COMPANIES MEDISYS TECHNOLOGIES INSTITUTING FINDINGS ACQUISITION AUDITED FINANCIAL STATEMENTS ANNUAL FINANCIAL STATEMENTS SOLICIT SCHEDULE VIOLATIONS ACCORD CONNECTION STAFF PRELIMINARY PROXY STATEMENT MEETING APPROVE REVIEW |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41554 / June 24, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1139 / June 24, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9920
In the Matter of
MEDISYS TECHNOLOGIES, INC.
Respondent
ORDER INSTITUTING
CEASE-AND-DESIST PROCEEDINGS
PURSUANT TO SECTION 21C OF
THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS,
AND IMPOSING
CEASE-AND-DESIST ORDER
I.
The Commission deems it appropriate and in the public interest that
cease-and-desist proceedings be instituted pursuant to Section 21C of
the Securities Exchange Act of 1934 ("Exchange Act"), with respect to
Medisys Technologies, Inc. ("Medisys").
II.
In anticipation of these proceedings, Medisys has submitted an Offer
of Settlement ("Offer") 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 contained
herein, except that Medisys admits the jurisdiction of the Commission
over it and the subject matter of this proceeding and the matters
described in paragraphs III.A. and B. of this Order Instituting
Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities
Exchange Act of 1934, Making Findings and Imposing Cease-and-Desist
Order ("Order"), Medisys has consented to the findings and sanctions
set forth below.
Accordingly, IT IS ORDERED that proceedings pursuant to Section 21C of
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