ADMINISTRATIVE PROCEEDING v ADMINISTRATIVE PROCEEDINGS


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Keywords & Phrases

CaseNo: 34-40682, Defendant: ADMINISTRATIVE PROCEEDINGS, Plaintiff: ADMINISTRATIVE PROCEEDING, UniqueCaseRef: SEC>34-40682, Obenauer, Securities, Commission, Investors, Exchange Act, Respondents, Stock, Lynch, Broker-dealer, Hereby, Complaint, Hotel, Florida, Violations, Provisions, Dealer, Penny Stock, Solicited Investors, Purchase, Sold, Funds, Promulgated Thereunder, Administrative Proceedings, Admitting, Entry, Historic Harder Hall, Vii Visionary Investments, Antifraud, Federal Securities Laws, Regard , ContentID: 120245551

Case Documents

1998-11-16

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 112290

4 pages
TXT

Total Documents: 1 document , 4 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SECURITIES
COMMISSION
INVESTORS
EXCHANGE ACT
RESPONDENTS
STOCK
LYNCH
BROKER-DEALER
HEREBY
COMPLAINT
HOTEL
FLORIDA
VIOLATIONS
PROVISIONS
DEALER
PENNY STOCK
SOLICITED INVESTORS
PURCHASE
SOLD
FUNDS
PROMULGATED THEREUNDER
ADMINISTRATIVE PROCEEDINGS
ADMITTING
ENTRY
HISTORIC HARDER HALL
VII VISIONARY INVESTMENTS
ANTIFRAUD
FEDERAL SECURITIES LAWS
REGARD

                               UNITED STATES OF AMERICA
                                     before the
                         SECURITIES AND EXCHANGE COMMISSION


          Securities Exchange Act of 1934
          Release No.  40682 / November 16, 1998

          Administrative Proceeding
          File No.  3-9779

                                        :
          In the Matter of              :  ORDER INSTITUTING PUBLIC
                                        :  ADMINISTRATIVE PROCEEDINGS
                                        :  PURSUANT TO SECTION 15(b)OF
          LEANDRO JAVIER OBENAUER       :  THE SECURITIES EXCHANGE ACT OF
1934,
          and BRIAN LYNCH               :  MAKING FINDINGS AND IMPOSING
REMEDIAL
                  Respondents.          :  SANCTIONS
                                        :

                                          I.

               The  Securities and Exchange Commission deems it appropriate
          and in the  public  interest  that  administrative proceedings be
          instituted against Leandro Javier Obenauer ("Obenauer") and Brian
          Lynch ("Lynch") (collectively, "Respondents") pursuant to Section
          15(b) of the Securities Exchange Act of 1934 ("Exchange Act").

               In  anticipation of the institution  of  these  proceedings,
          Obenauer  and   Lynch   have   submitted   Offers  of  Settlement
          (respectively, the "Obenauer Offer" and the  "Lynch Offer") which
          the Commission has determined to accept.  Solely  for the purpose
          of these proceedings and any other proceeding brought  by  or  on
          behalf  of  the Commission or in 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 as to the
          findings  contained  in  Section  II.A.  and  the  entry  of  the
          injunction  set  forth  in  Section  II.E.,  which  are admitted,
          Respondents consent to the entry by the Commission of  this Order
          Instituting Public Administrative Proceedings Pursuant to Section
          15(b) of the Exchange Act, Making Findings and Imposing  Remedial
          Sanctions ("Order").

               Accordingly,  IT  IS HEREBY ORDERED that proceedings against
          Respondents be and hereby are instituted.

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

LEANDRO JAVIER OBENAUER: THE SECURITIES EXCHANGE ACT OF 1934,

The Securities and Exchange Commission deems it appropriate and in the public interest that

In anticipation of the institution of these proceedings, Obenauer and Lynch have submitted

Solely for the purpose of these proceedings and any other proceeding brought by or on behalf

and the entry of the injunction set forth in Section II.E., which are admitted, Respondents

IT IS HEREBY ORDERED that proceedings against Respondents be and hereby are instituted.

On September 23, 1998, the Commission filed a complaint in the United States District Court

Among other things, the Complaint charged Obenauer with violations of certain provisions of

With regard to Obenauer, the Commission's Complaint alleged, among other things, as follows:

In the summer of 1996, the President of both a Delaware private corporation, VII Visionary

Subsequently, the purportedly merged corporation issued stock certificates in the name of

Between October 1996 and January 1997, Obenauer and others solicited investors to purchase

During that period of time, Obenauer and others fraudulently offered and sold at least

HHH's common stock was a penny stock as defined by the Exchange Act and rules promulgated

Obenauer did not give the funds he raised from investors to the Company, but instead kept

Obenauer is hereby barred from association with any broker, dealer, municipal securities


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