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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES COMMISSION WEBSITES SECURITIES ACT RESPONDENT INVESTMENT VIOLATION CLIENT DERRICK FINDINGS FUNDS MISREPRESENTATIONS CEASE-AND-DESIST ORDER REPRESENTATIONS PARAGRAPHS EXCHANGE COMMISSION ADMINISTRATIVE PROCEEDING MATTER PURSUANT PRIME BANK POTENTIAL INVESTORS CEASE COMMITTING CAUSING ADMITTING OREGON INTERNET MTNS BLOCKED FUNDS TRADES |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7749 / September 30, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9893
In the Matter of
DERRICK C. JOHNSON
Respondent.
ORDER MAKING FINDINGS AND
IMPOSING CEASE-AND-DESIST ORDER
PURSUANT TO SECTION 8A OF THE
SECURITIES ACT OF 1933 AGAINST
DERRICK C. JOHNSON
I.
On May 11, 1999, the Securities and Exchange Commission ("Commission")
instituted public cease-and-desist proceedings pursuant to Section 8A
of the Securities Act of 1933 ("Securities Act") against Respondent
Derrick C. Johnson ("Johnson") to determine whether he offered "prime
bank" securities to potential investors in violation of the federal
securities laws, and, if so, whether to order Respondent to cease and
desist from committing or causing violations of Sections 17(a)(1) and
(3) of the Securities Act.
In response to the institution of administrative proceedings, Johnson
has submitted an Offer of Settlement ("Offer"), 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
in which the Commission is a party, and without admitting or denying
the findings herein, except as to the jurisdiction of the Commission
over him and the subject matter of the proceeding, which are admitted,
Respondent Johnson consents to the entry of the findings and the
cease-and-desist order set forth below.
II.
On the basis of this Order and the Offer, the Commission makes the
following findings
A. RESPONDENT
1. Derrick C. Johnson, age 33, resides in Aloha, Oregon. Johnson is
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