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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION SECURITIES EXCHANGE PROCEEDING FAILING TA-Y2K RESPONDENTS UNITED STATES SECURITIES SECURITIES EXCHANGE ACT SUES TA-Y2K MAKING DISCLOSURES CEASE-AND-DESIST PROCEEDINGS FILE REQUIRED REPORTS PREPAREDNESS PEACHTREE STOCK TRANSFER ROBERT CRAIN MEMPHIS TENNESSEE RULES REQUIRED TRANSFER STAFF ALLEGES NAMED TRANSFER AGENTS ADMINISTRATIVE LAW JUDGE ALLEGATIONS REMEDIAL ACTION APPROPRIPROPRIATE CIVIL PENALTIES |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 41793 / August 26, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-9989
SEC Sues Two Transfer Agents for Failing to File an Updated Form
TA-Y2K Making Year 2000 Disclosures
On August 27, 1999, the Commission instituted administrative and
cease-and-desist proceedings against two transfer agents for failing
to file required reports regarding their Year 2000 preparedness. The
two transfer agents are Peachtree Stock Transfer and Robert J. Crain,
Jr., both of Memphis, Tennessee. The Commission's rules required
transfer agents to file an updated Form TA-Y2K with the Commission by
April 30, 1999, but the staff alleges that the two named transfer
agents failed to file all or part of this Form by August 27, 1999. A
hearing will be held before an administrative law judge to determine
whether the staff's allegations against the respondents are true, and
if so, what, if any, remedial action is appropripropriate, and whether
civil penalties should be ordered against the respondents. (Rel. No.
34-41793; AP 3-9989 No .)
_________________________________________________________________
Modified 08/30/1999
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