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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION SCHWARTZ STEINBERG SECURITIES PROCEEDING REPORTS VIOLATIONS PURSUANT COSMETICS PLUS PAYMENTS ICKOVICS DISTRIBUTION PRACTICE THEREUNDER UNITED STATES SETTLEMENT PURPOSES FRAUDULENT MISLEADING CASH PURCHASES DISCLOSE FALSIFICATION BOOKS OFFICER AMOUNT FINDINGS ISSUER FILINGS |
UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41933 / September 28, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1182 / September 28, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10044
______________________________
In the Matter of ORDER INSTITUTING A PUBLIC
PROCEEDING PURSUANT TO SECTION
21C OF THE SECURITIES EXCHANGE
KENNETH SCHWARTZ and ACT OF 1934, MAKING
FINDINGS AND
JOEL STEINBERG IMPOSING A CEASE-AND-
DESIST ORDER
Respondents.
______________________________
I.
The Commission deems it appropriate that public administrative
proceedings be, and they hereby are, instituted against Kenneth
Schwartz ("Schwartz") and Joel Steinberg ("Steinberg") pursuant to
Section 21C of the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of this proceeding, Schwartz and
Steinberg have submitted Offers of Settlement for the purpose of
disposing of the issues raised by this proceeding. Solely for the
purposes of this proceeding and any other proceeding brought by or on
behalf of the Commission or to which the Commission is a party,
Schwartz and Steinberg, without admitting or denying the findings set
forth herein, except that they admit to the jurisdiction of the
Commission over them and over the matters set forth in this Order
Instituting a Public Proceeding Pursuant to Section 21C of the
Securities Exchange Act of 1934, Making Findings and Imposing a
Cease-and-Desist Order ("the "Order"), consent to the entry of this
Order.
III.
SNIPPETS:
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