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SEC v MICHAEL L. PITTS Click to find out why . . .



Keywords & Phrases
CaseNo: 33-7784, Defendant: Michael L. Pitts, Plaintiff: SEC, UniqueCaseRef: SEC>33-7784, Securities, Pitts, Act, Exchange, Commission, Respondent, Respondent Michael, Stock, Tracker, Publications, Violation, Clients, Crg, Pursuant, United States, Findings, Common Stock, Public Relations, Money Order, Instituting, Disclose, Relevant Time, Payment, Bank, America, Cease-and-desist Proceedings, Imposing Remedial Sanctions, Entry, Thereunder, Shares , ContentID: 120245589

Case Documents
1 1999-12-10 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 112328
4 pages
HTML
Total Documents: 1 document , 4 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
PITTS
ACT
EXCHANGE
COMMISSION
RESPONDENT
RESPONDENT MICHAEL
STOCK
TRACKER
PUBLICATIONS
VIOLATION
CLIENTS
CRG
PURSUANT
UNITED STATES
FINDINGS
COMMON STOCK
PUBLIC RELATIONS
MONEY ORDER
INSTITUTING
DISCLOSE
RELEVANT TIME
PAYMENT
BANK
AMERICA
CEASE-AND-DESIST PROCEEDINGS
IMPOSING REMEDIAL SANCTIONS
ENTRY
THEREUNDER
SHARES
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES ACT OF 1933
   Release No. 7784 / December 10, 1999

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 42221 / December 10, 1999

   ADMINISTRATIVE PROCEEDING
   File No. 3-10115
   In the Matter of

   MICHAEL L. PITTS,
   Respondent.
   ORDER INSTITUTING PUBLIC
   ADMINISTRATIVE AND
   CEASE-AND-DESIST PROCEEDINGS
   PURSUANT TO SECTION 8A OF THE
   SECURITIES ACT OF 1933 AND
   SECTIONS 15(b)(6), 19(h) AND 21C
   OF THE SECURITIES EXCHANGE ACT
   OF 1934, MAKING FINDINGS AND
   IMPOSING REMEDIAL SANCTIONS

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate in the public interest and for the protection of investors
   that a public administrative and cease-and-desist proceeding be, and
   hereby is, instituted pursuant to Section 8A of the Securities Act of
   1933 ("Securities Act") and Sections 15(b)(6), 19(h) and 21C of the
   Securities Exchange Act of 1934 ("Exchange Act") against Respondent
   Michael L. Pitts ("Pitts").

   II.

   In anticipation of the institution of these administrative
   proceedings, the Respondent has submitted an Offer of Settlement (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, Respondent consents to the
   entry of this Order Instituting Public Administrative and
   Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities
   Act of 1933 and Sections 15(b)(6), 19(h) and 21C of the Securities
   Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • SECURITIES EXCHANGE ACT OF 1934
  • The Securities and Exchange Commission deems it appropriate in the public interest and for
  • Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
  • This matter involves violations by Pitts of Section 17of the Securities Act, Section 10of the
  • From November 1994 through January 1995, Pitts, a registered representative, recommended and
  • Pitts failed to disclose to his clients that he had been or would be compensated by Corporate
  • During the relevant time, CRG provided public relations services for its clients through
  • Respondent willfully violated, and committed or caused violations of, these antifraud
  • Accordingly, IT IS ORDERED, pursuant to Section 8A of the Securities Act, that Respondent
  • IT IS FURTHER ORDERED that Respondent Michael L. Pitts shall, within thirty days of the entry
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