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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE REPORTS SALES REVENUE RESELLER COMMISSION EXCHANGE ACT OVERSTATEMENT RESTATEMENT INVENTORY FINANCE DISTRIBUTOR SHIPMENT ACCOUNTING VIOLATIONS PROCEEDING PURSUANT SECURITIES RECOGNITION SALES MANAGER NET INCOME SALES VICE PRESIDENT FINANCE DEPARTMENT RESPONDENT SCHEME SUPERVISORS RIGHTS GOODS ISSUERS |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41409 / May 17, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1133 / May 17, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9899
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ORDER INSTITUTING PUBLIC
In the Matter of: CEASE-AND-DESIST PROCEEDING
PURSUANT TO SECTION 21C OF
INSIGNIA SOLUTIONS PLC, THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS, AND
Respondent. IMPOSING A CEASE-AND-DESIST
ORDER
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I.
The Securities and Exchange Commission ("Commission") deems
it appropriate that a public cease-and-desist proceeding be, and
hereby is, instituted pursuant to Section 21C of the Securities
Exchange Act of 1934 ("Exchange Act") to determine whether
Insignia Solutions plc ("Insignia" or the "Company" or
"Respondent") violated Sections 13(a) and 13(b)(2)(A) of the
Exchange Act and Rules 12b-20 and 13a-13 thereunder.
II.
In anticipation of the institution of this proceeding,
Insignia 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 Respondent admits the jurisdiction of the Commission
over it and over the subject matter of this proceeding, Insignia
consents to the issuance of this Order Instituting Public Cease-
SNIPPETS:
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