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1
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SEC ADMINISTRATIVE PROCEEDING
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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
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