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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT INVESTORS COMMISSION COMMERCE PURCHASE BUSINESS COLLEGE FINANCIAL AID SUBPARAGRAPHS INTERSTATE COMMERCE MATERIAL FACT ASSETS PURSUANT FINDINGS SALE INSTRUMENTALITIES MAILS INDUCE THEREUNDER STATE MATERIAL FACTS SANCTIONS HEREBY REGISTERING COPELAND EMPLOYED DEVICES SCHEMES DEFRAUD TRANSACTIONS COURSES MUTUAL FUNDS SHARES |
==========================================START OF PAGE 1======
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 37764 / September 30, 1996
ADMINISTRATIVE PROCEEDING
File No. 3-9134
________________________
:
In the Matter of : ORDER INSTITUTING PUBLIC
: PROCEEDINGS, MAKING
RICHARD J. LINE, : FINDINGS AND IMPOSING REMEDIAL
: SANCTIONS
Respondent. :
_______________________ :
I.
The Securities and Exchange Commission ("Commission") deems
it appropriate and in the public interest that administrative
proceedings be instituted pursuant to Sections 15(b) and 19(h) of
the Securities Exchange Act of 1934 ("Exchange Act") against
Richard J. Line ("Line").
In anticipation of the institution of these proceedings,
Line 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 for those set forth in subparagraphs II.A. and II.G.
below, which are admitted, Line by his Offer consents to the
findings and imposition of the sanctions contained in this Order
Instituting Public Proceedings, Making Findings and Imposing
Remedial Sanctions ("Order").
Accordingly, IT IS ORDERED that proceedings against Line be,
and hereby are, instituted.
SNIPPETS:
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