ADMINISTRATIVE PROCEEDING v ADMINISTRATIVE PROCEEDINGS


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Keywords & Phrases

CaseNo: 33-7599, Defendant: ADMINISTRATIVE PROCEEDINGS, Plaintiff: ADMINISTRATIVE PROCEEDING, UniqueCaseRef: SEC>33-7599, Martineau, Securities Act, Bulletin Board, Bulletin Board Issuer, Stock, Internet, Investor, Provider, Commission, Compensation, Shares, Administrative Proceedings, Respondent, Disclosure, Violations, Postings, Internet Web Site, Pursuant, Touting, Silicon Investor, Agreement, Promoting, Investor Relations Firm, Understanding, Exchange Commission, Public Administrative Proceedings, Hereinafter, Findings, Readers, Purchase , ContentID: 120245565

Case Documents

1998-10-27

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 112304

4 pages
TXT

Total Documents: 1 document , 4 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SECURITIES ACT
BULLETIN BOARD
BULLETIN BOARD ISSUER
STOCK
INTERNET
INVESTOR
PROVIDER
COMMISSION
COMPENSATION
SHARES
ADMINISTRATIVE PROCEEDINGS
RESPONDENT
DISCLOSURE
VIOLATIONS
POSTINGS
INTERNET WEB SITE
PURSUANT
TOUTING
SILICON INVESTOR
AGREEMENT
PROMOTING
INVESTOR RELATIONS FIRM
UNDERSTANDING
EXCHANGE COMMISSION
PUBLIC ADMINISTRATIVE PROCEEDINGS
HEREINAFTER
FINDINGS
READERS
PURCHASE



                              UNITED STATES OF AMERICA
                                      Before the
                          SECURITIES AND EXCHANGE COMMISSION



          SECURITIES ACT OF 1933
          Release No. 7599 / October 27, 1998

          ADMINISTRATIVE PROCEEDING
          File No.  3-9767


                                        :
          In the Matter of              :   ORDER INSTITUTING PUBLIC
                                        :   ADMINISTRATIVE PROCEEDINGS
                                        :   PURSUANT TO SECTION 8A OF
               Eugene B. Martineau,     :   THE SECURITIES ACT OF 1933,
                                        :   MAKING FINDINGS, AND
                                        :   IMPOSING A CEASE-AND-DESIST
                                        :   ORDER
                                        :
                         Respondent.    :
          ______________________________:


                                          .

               The Securities and Exchange Commission ("Commission")  deems
          it  appropriate  that  public  administrative proceedings be, and
          hereby are, instituted pursuant  to  Section 8A of the Securities
          Act  of  1933  ("Securities  Act") against  Eugene  B.  Martineau
          (hereinafter "Martineau" or "Respondent").

                                          .

               In anticipation of the institution of these administrative
          proceedings, the Respondent has submitted an Offer of Settlement
          (hereinafter the "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 set forth herein, Respondent consents to the entry
          of this Order Instituting Public Administrative Proceedings
          Pursuant to Section 8A of the Securities Act of 1933, Making
          Findings, and Imposing A Cease-and-Desist Order (hereinafter the

SNIPPETS:

THE SECURITIES ACT OF 1933,

The Securities and Exchange Commission deems it appropriate that public administrative

In anticipation of the institution of these administrative proceedings, the Respondent has

Findings, and Imposing A Cease-and-Desist Order.

This matter involves the touting of a company's stock by Martineau on the Internet without

Martineau's actions constituted violations of Section 17of the Securities Act.

Between December 1996 and the end of May 1997, Martineau made more than 60 postings on an

Martineau initiated the first posting about the Bulletin Board Issuer on December 11, 1996,

Operating under his company name, EBM, Inc., Martineau has for the past few years sold

On December 11, 1996, Martineau established a folder on the Silicon Investor "bulletin board"

During the vast majority of the six-month time period in which Martineau was touting the

The issuer entered into an agreement as of November 3, 1996, to provide compensation, in the


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