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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT ADMINISTRATIVE PROCEEDINGS MELTON EXCHANGE COMMISSION INVESTMENT ADVISERS ACT INSTITUTING MARSHALL ASSET MANAGEMENT ALLEGES AMR VIOLATIONS LAWS ANTIFRAUD PROVISIONS INJUNCTIONS ADMINISTRATIVE PROCEEDINGS PURSUANT GREENSBORO NORTH CAROLINA WHOLLY-OWNED REGISTERED INVESTMENT REGISTERED INVESTMENT ADVISORY INVESTMENT ADVISORY FIRM LAWSUIT FEDERAL DISTRICT COURT ALLEGING VIOLATIONS PERMANENT INJUNCTIONS FUTURE VIOLATIONS ADMINISTRATIVE LAW JUDGE ALLEGATIONS SANCTIONS |
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 41258 / April 6, 1999
Investment Advisers Act of 1940
Release No. 1795 / April 6, 1999
Administrative Proceeding
File No. 3-9865
ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST
MARSHALL E. MELTON AND ASSET MANAGEMENT & RESEARCH, INC.
The Securities and Exchange Commission ("Commission") announced it
issued an Order Instituting Public Administrative Proceedings Pursuant to
Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 and
Sections 203(e) and 203(f) of the Investment Advisers Act of 1940 against
Marshall E. Melton ("Melton") of Greensboro, North Carolina, and his
wholly-owned registered investment advisory firm, Asset Management &
Research, Inc. ("AMR").
The Order alleges that the Commission filed a lawsuit against Melton
and AMR in federal district court in February 1997, alleging violations of
the federal securities laws, including the antifraud provisions. The Order
also alleges that both Melton and AMR consented to permanent injunctions
against future violations of the antifraud provisions, and that an
injunctive order was issued in May 1998.
A hearing will be held before an administrative law judge to
determined whether the staff’s allegations are true, and if so, what
sanctions, if any, are appropriate in the public interest against them.
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2
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
GRANT AUDIT SKY ACCOUNTING RECORDING ASSETS FINANCIAL STATEMENTS COMMISSION FORM S-8 PREDECESSOR REPORT PRACTICE REAUDIT MINERAL PROPERTY GAAP DANNER EXCHANGE PURSUANT MATTER ISSUANCE ACCORDANCE ENGAGEMENT WORK PAPERS PREDECESSOR AUDITOR AUDITING STANDARDS OPINION CONFORMITY SHARES SUCCESSOR |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41255 / April 5, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1123 / April 5, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9864
_____________________________________
:
In the Matter of : ORDER INSTITUTING PUBLIC
: ADMINISTRATIVE PROCEEDINGS
: AND OPINION AND ORDER PURSUANT
FREDERICK R. GRANT, CPA, : TO RULE 102(e) OF THE
: COMMISSION'S RULES OF PRACTICE
Respondent. :
_____________________________________:
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest to institute public administrative
proceedings against Frederick R. Grant ("Grant"), a certified public
accountant, pursuant to Rule 102(e)(1)(ii) [1] of the Commission's Rules of
Practice [17 C.F.R. Section 201.102(e)(1)(ii)].
II.
In anticipation of the institution of these proceedings, Grant has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for the purposes 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 any of the findings
herein, except that Grant admits the findings contained in paragraph III.
B. below and he admits the Commission's jurisdiction over him and the
subject matter of these proceedings, Grant has consented to the issuance of
this Order Instituting Public Administrative Proceedings and Opinion and
Order Pursuant to Rule 102(e) of the Commission's Rules of Practice
("Order").
Accordingly, IT IS ORDERED that proceedings pursuant to Rule 102(e) of
the Commission's Rules of Practice be, and hereby are, instituted.
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