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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION EXCHANGE ACT SECURITIES PROCEEDING STOCK MARKET AMERICA SHELL OFFERING SHARES FINDINGS PENNY STOCK PROCEEDINGS PURSUANT HEREBY DISTRICT MASADA OLYMPUS VENTURES ATLANTIS DEEMS INSTITUTING GILBERT ADMITS THEREUNDER PARTICIPATION COMMON STOCK COMPLAINT ALLEGES REGISTRATION STATEMENTS DIRECTORS |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41405 \ May 14, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9898
:
In the Matter of : ORDER INSTITUTING PROCEEDINGS
: PURSUANT TO SECTION 15(b) OF
GILBERT A. ZWETSCH, : THE SECURITIES EXCHANGE ACT OF
: 1934, MAKING FINDINGS AND
Respondent. : IMPOSING REMEDIAL SANCTIONS
:
I.
The Securities and Exchange Commission ("Commission") deems
it appropriate and in the public interest that public
administrative proceedings pursuant to Section 15(b)(6) of the
Securities Exchange Act of 1934 ("Exchange Act") be and hereby
are instituted against Gilbert A. Zwetsch ("Zwetsch").
In anticipation of these proceedings, Zwetsch has submitted
an Offer of Settlement ("Offer") to the Commission, which the
Commission has determined to accept. Solely for the purpose of
this proceeding, and any other proceeding brought by or on behalf
of the Commission or to which the Commission is a party, Zwetsch,
without admitting or denying the findings contained herein,
except that he admits to the Commission's jurisdiction over him
and over the subject matter of this proceeding, and admits to the
findings contained in paragraph II.A. herein, consents to the
issuance of this Order Instituting Public Proceedings Pursuant to
Section 15(b) of the Securities Exchange Act of 1934, Making
Findings and Imposing Remedial Sanctions ("Order").
II.
Based on this Order and Zwetsch's Offer, the Commission
finds that: [1]
SNIPPETS:
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