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ADMINISTRATIVE PROCEEDING v CEASE-AND-DESIST Click to find out why . . .



Keywords & Phrases
CaseNo: 33-7604, Defendant: CEASE-AND-DESIST, Plaintiff: ADMINISTRATIVE PROCEEDING, State: OR Oregon, UniqueCaseRef: SEC>33-7604, Ibj Publications, Securities Act, Commission, Proceedings Pursuant, Ibj Observer, Exchange, Respondent, Cease-and-desist Proceedings Pursuant, Biogenetic Stock, Violations, Admitting, Findings, Cease, Hereby, Florida, Newsletter, Shares, Disclose, Compensation, Trades, Toronto Stock, Exchange-canadian Dealers Network, Variety, Articles, Written Contract, Feature Stories, Paid, Amount, Committing, Causing , ContentID: 120245561

Case Documents
1 1998-10-27 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 112300
3 pages
TXT
Total Documents: 1 document , 3 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
SECURITIES ACT
COMMISSION
PROCEEDINGS PURSUANT
IBJ OBSERVER
EXCHANGE
RESPONDENT
CEASE-AND-DESIST PROCEEDINGS PURSUANT
BIOGENETIC STOCK
VIOLATIONS
ADMITTING
FINDINGS
CEASE
HEREBY
FLORIDA
NEWSLETTER
SHARES
DISCLOSE
COMPENSATION
TRADES
TORONTO STOCK
EXCHANGE-CANADIAN DEALERS NETWORK
VARIETY
ARTICLES
WRITTEN CONTRACT
FEATURE STORIES
PAID
AMOUNT
COMMITTING
CAUSING
                               UNITED STATES OF AMERICA
                                      Before the
                          SECURITIES AND EXCHANGE COMMISSION


             SECURITIES ACT OF 1933
             Release No.  7604 / October 27, 1998

             ADMINISTRATIVE PROCEEDING
             File No.  3-9771

                                           )
             In the Matter of              )    ORDER INSTITUTING PUBLIC
                                           )    CEASE-AND-DESIST
                                           )     PROCEEDINGS PURSUANT TO
               IBJ Publications, Inc.,     )     SECTION 8A OF THE
                           Respondent.     )    SECURITIES ACT OF 1933,
                                           )    MAKING FINDINGS AND
                                           )    ORDERING RESPONDENT TO
                                                CEASE AND DESIST


                                             I.

                  The Commission deems it appropriate and in the public
             interest to institute cease-and-desist proceedings pursuant
             to Section 8A of the Securities Act of 1933 ("Securities
             Act") against IBJ Publications, Inc. ("IBJ Publications").

                  In anticipation of these proceedings, IBJ Publications
             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 to which the Commission is a
             party, and without admitting or denying the findings
             contained in this Order Instituting Public Cease-and-Desist
             Proceeding pursuant to Section 8A of the Securities Act,
             Making Findings and Ordering Respondent to Cease and Desist
             ("Order"), except as to the Commission's jurisdiction over
             IBJ Publications and the matters set forth in this Order,
             which is admitted, IBJ Publications consents to the entry of
             this Order.

                                         II.

                  Accordingly, IT IS HEREBY ORDERED THAT public cease-
             and-desist proceedings pursuant to Section 8A of the
             Securities Act be, and hereby, are, instituted.

SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • SECURITIES ACT OF 1933,
  • Act") against IBJ Publications, Inc..
  • and without admitting or denying the findings
  • Making Findings and Ordering Respondent to Cease and Desist
  • IT IS HEREBY ORDERED THAT public cease-and-desist proceedings pursuant to Section 8A of the
  • Securities Act be, and hereby, are, instituted.
  • Florida, publishes an on-line and hard copy newsletter, the
  • The IBJ Observer promotes BioGenetic Technologies,
  • which trades on the Toronto Stock
  • Exchange-Canadian Dealers Network.
  • published a variety of articles and press releases
  • BioGenetic entered into a written contract in which IBJ
  • Publications agreed to feature stories about BioGenetic in
  • the newsletter for two years in exchange for 150,000 shares
  • C IBJ Publications failed to specifically disclose
  • paid by BioGenetic and what amount was received.
  • 150,000 shares of BioGenetic stock without properly
  • disclosing the specific compensation that was received.
  • from committing or causing any violations,
  • violations, of Section 17of the Securities Act.
  •    |