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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION ZALKIN RESPONDENT ADELSON ACT POWER EXCHANGE PACKARD ENERGY INVESTORS SALES AGENTS VIOLATION PARTNERSHIP UNITS PURSUANT ENTRY BROKER SOLD MATERIALS IMPOSE FINDINGS REMEDIES SANCTIONS HEREBY PENALTY PROSPECTIVE INVESTORS AMOUNT COMMITTING SUSPENSION MONEY ORDER UNREGISTERED BROKER-DEALER |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7750 / September 30, 1999
SECURITIES EXCHANGE ACT OF 1934
Release No. 41960 / September 30, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10066
____________________________________
ORDER INSTITUTING PUBLIC
In the Matter of ADMINISTRATIVE AND CEASE-AND-
DESIST PROCEEDINGS PURSUANT
HOWARD ZALKIN and TO SECTION 8A OF THE
BARRY E. ADELSON, SECURITIES ACT OF 1933 AND
SECTIONS 15(b) AND 21C OF
Respondents. THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS AND
IMPOSING REMEDIAL SANCTIONS
____________________________________
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative and
cease-and-desist proceedings be instituted against Howard Zalkin
("Zalkin") and Barry E. Adelson ("Adelson") pursuant to Section 8A of
the Securities Act of 1933 ("Securities Act") and Sections 15(b) and
21C of the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of these proceedings, Zalkin and
Adelson have submitted Offers of Settlement (the "Offers") which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission or to which the Commission is a party, and without
admitting or denying any of the findings contained herein, except as
to the jurisdiction of the Commission over them and over the subject
matter of these proceedings, and, with respect to Zalkin, as to the
matters set forth in Section III.1., below, and, with respect to
Adelson, as to the matters set forth in Section III.2., below, which
are admitted, Zalkin and Adelson consent to the entry of this Order
Instituting Public Administrative and Cease-and-Desist Proceedings
Pursuant to Section 8A of the Securities Act of 1933 and Sections
SNIPPETS:
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