SEC v ROBERT J. STRAUSS - Legal Case Documents


\|

SEC v ROBERT J. STRAUSS

Keywords & Phrases

CaseNo: 34-42245, Defendant: Robert J. Strauss, Plaintiff: SEC, UniqueCaseRef: SEC>34-42245, Strauss, Securities, Exchange Act, Commission, Transfers, Georgia, Respondent Strauss, Administrative Proceedings, Injunction, District, Purchase Securities, Civil, Thereunder, Complaint, Authorization, Violating, Utah, Money, Penny Stocks, Permanently Enjoins, United States, Administrative Proceedings Pursuant, Hereby, Admitting, Findings, Entry, Strauss Consents, Rome, Vice President, State Mutual Funds , ContentID: 120245583

Case Documents

1999-12-17

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 112322

3 pages
HTML

Total Documents: 1 document , 3 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

SECURITIES
EXCHANGE ACT
COMMISSION
TRANSFERS
GEORGIA
RESPONDENT STRAUSS
ADMINISTRATIVE PROCEEDINGS
INJUNCTION
DISTRICT
PURCHASE SECURITIES
CIVIL
THEREUNDER
COMPLAINT
AUTHORIZATION
VIOLATING
UTAH
MONEY
PENNY STOCKS
PERMANENTLY ENJOINS
UNITED STATES
ADMINISTRATIVE PROCEEDINGS PURSUANT
HEREBY
ADMITTING
FINDINGS
ENTRY
STRAUSS CONSENTS
ROME
VICE PRESIDENT
STATE MUTUAL FUNDS

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42245 / December 17, 1999

   ADMINISTRATIVE PROCEEDINGS
   File No. 3-10120

   _____________________________
                                 ORDER INSTITUTING PUBLIC
   In the Matter of              PROCEEDINGS PURSUANT TO
   ROBERT J. STRAUSS             SECTION 15(b)(6) OF THE SECURITIES
                                 EXCHANGE ACT OF 1934, MAKING
                                 FINDINGS AND IMPOSING REMEDIAL
   Respondent.                   SANCTIONS
   _____________________________

   Respondent.

   SANCTIONS

   _____________________________

I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate and in the public interest that public administrative
   proceedings pursuant to Section 15(b)(6) of the Securities Exchange
   Act of 1934 ("Exchange Act") be, and they hereby are, instituted
   against Robert J. Strauss ("Strauss").

II.

   In anticipation of the institution of these administrative
   proceedings, respondent Strauss 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 in which the Commission is a party,
   and without admitting or denying the findings herein, except that he
   admits (a) the jurisdiction of the Commission over him and over the
   subject matter of these proceedings, and (b) the entry of conviction
   set forth in paragraph III.C. and the entry of the injunction set
   forth in paragraph III.G., Strauss consents to the issuance by the
   Commission of this Order Instituting Public Administrative Proceedings
   Pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934,
   Making Findings and Imposing Remedial Sanctions (the "Order").

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

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

In anticipation of the institution of these administrative proceedings, respondent Strauss

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

and the entry of the injunction set forth in paragraph III.G., Strauss consents to the

As part of his duties as vice president, Strauss was responsible for managing State Mutual's

State Mutual is a mutual insurance company located in Rome, Georgia.

On February 2, 1999, Respondent Strauss, plead guilty to and was convicted of one count of

The counts of the criminal information to which Strauss plead guilty alleged,, that while a

E. On November 16, 1999, the Commission filed a civil injunctive action against Strauss (,

F. The Commission's complaint alleged that from April 1995 through August 1997, Respondent sferred to his name or sold for his personal financial benefit; $1.4 million to invest in a

The complaint further alleged that Strauss received kickbacks of approximately $3.2 million

Ga)) that,, permanently enjoins Strauss from violating Section 17of the Securities Act and

Strauss induced State Mutual to purchase securities issued by Utah based companies, which

It is hereby ordered, pursuant to Section 15of the Exchange Act, that Strauss be, and hereby


\|