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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT ADMINISTRATIVE PROCEEDINGS COMMISSION RONALD KNITTLE GREGORY VERNON SANCTION PENNY STOCK ALLEGES CIVIL ACTION ADMINISTRATIVE PROCEEDINGS PURSUANT OFFERING ENFORCEMENT ALLEGES RESPONDENTS FUTURE VIOLATIONS FEDERAL SECURITIES LAWS COLO ALLEGATIONS |
SECURITIES EXCHANGE ACT OF 1934
Release No. 41951 / September 30, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10056
ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST RONALD A. KNITTLE AND
GREGORY G. VERNON
The Commission announced that it has instituted public administrative
proceedings pursuant to Section 15(b)(6)(A) of the Securities Exchange
Act of 1934 ("Exchange Act") against Ronald A. Knittle ("Knittle") and
Gregory G. Vernon ("Vernon"). Section 15(b)(6)(A) allows the
Commission to sanction persons who have participated in an offering of
penny stock. In the Order the Division of Enforcement alleges that the
respondents were enjoined from future violations of the federal
securities laws in a Commission civil action. (SEC v. Golden Eagle
International, Inc., et al., Civil Action No. 98-Z-1020, U.S.D.C.
Colo.) The Division further alleges that the conduct for which they
were enjoined involved a penny stock, Golden Eagle International, Inc.
A hearing will be held to determine whether the allegations are true
and, if so, what sanctions, if any, are appropriate in
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Modified 09/30/1999
SNIPPETS:
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