SEC v CAROLYN SAFER KENNER - Legal Case Documents


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SEC v CAROLYN SAFER KENNER

Keywords & Phrases

CaseNo: 33--7341, Defendant: Carolyn Safer Kenner, Plaintiff: SEC, UniqueCaseRef: SEC>33--7341, Exchange Act, Securities, Kenner, Rcdc, Disclosures, Beneficial Ownership, Exchange Commission, Alleges, Promulgated Thereunder, Signing, Failing, Accounting, Administrative Proceeding, Carolyn Safer Kenner, Proxy, State Material Facts, Schedule, Amendments, Allegations, Conformity, Gaap, Outstanding Stock, Disclosing Material Changes, Kenner Caused Rcdc, Reckless, Knowing, Filings, Misleading Information, Public Hearing, Defenses , ContentID: 120244947

Case Documents

1996-09-27

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 111684

2 pages
TXT

Total Documents: 1 document , 2 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SECURITIES
KENNER
RCDC
DISCLOSURES
BENEFICIAL OWNERSHIP
EXCHANGE COMMISSION
ALLEGES
PROMULGATED THEREUNDER
SIGNING
FAILING
ACCOUNTING
ADMINISTRATIVE PROCEEDING
CAROLYN SAFER KENNER
PROXY
STATE MATERIAL FACTS
SCHEDULE
AMENDMENTS
ALLEGATIONS
CONFORMITY
GAAP
OUTSTANDING STOCK
DISCLOSING MATERIAL CHANGES
KENNER CAUSED RCDC
RECKLESS
KNOWING
FILINGS
MISLEADING INFORMATION
PUBLIC HEARING
DEFENSES






             U.S. SECURITIES AND EXCHANGE COMMISSION

Securities Act of 1933
Release No.  7341 / September 27, 1996

Securities Exchange Act of 1934
Release No. 37739 / September 27, 1996

Accounting and Auditing Enforcement
Release No.  829 / September 27, 1996

Administrative Proceeding
File No. 3-9110


In the Matter of Carolyn Safer Kenner

     The Securities and Exchange Commission has issued an order
instituting public administrative proceedings pursuant to Section
8A of the Securities Act of 1933 ("Securities Act") and Section
21C of the Securities Exchange Act of 1934 ("Exchange Act")
against Carolyn Safer Kenner.   Kenner was the Vice President,
Secretary and a director of Ross Cosmetics Distribution Centers,
Inc. ("RCDC"), now known as Tristar Corp., from June 1982 through
May 1989.

     The order alleges that Kenner violated Sections 10(b) and
14(a) of the Exchange Act, Rules 10b-5 and 13b2-2 promulgated
thereunder, and Section 17(a) of the Securities Act by signing
two RCDC annual reports and one proxy statement that contained
false disclosures and omitted to state material facts regarding
the beneficial ownership of RCDC shares by a foreign entity, by
failing to file a Schedule 13G and amendments thereto, by failing
to file timely a Form 3 and Forms 4, and by signing a letter of
representation to RCDC's auditors falsely claiming that the
company had properly recorded or disclosed in its financials all
related party transactions and that the company's accounting
practices were in conformity with GAAP.

     The order also alleges that Kenner violated Sections 13(d),
13(g) and 16(a) of the Exchange Act and Rules 13d-1, 13d-2 and
16a-1 promulgated thereunder by failing to disclose on Schedule
13G her beneficial ownership of 18 percent of RCDC's outstanding

SNIPPETS:

U.S. SECURITIES AND EXCHANGE COMMISSION

Administrative Proceeding

The Securities and Exchange Commission has issued an order instituting public administrative

The order alleges that Kenner violated Sections 10and 14of the Exchange Act, Rules 10b-5 and epresentation to RCDC's auditors falsely claiming that the company had properly recorded or

The order also alleges that Kenner violated Sections 13, 13and 16of the Exchange Act and

As her beneficial ownership in RCDC decreased, Kenner also failed to file amendments

The order further alleges that Kenner caused RCDC to violate Section 13of the Exchange Act

A public hearing will be held to determine whether the allegations against Kenner are true,


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