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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
THIEMANN ACT REFUNDING ESCROW ARTHURS LESTRANGE MCCARTHY ALEX EXCHANGE ACT HDI TREASURER BROWN COMMONWEALTH COMMISSION SEIDMAN VIOLATIONS SENIOR UNITED STATES PENNSYLVANIA REVENUES BOND FINDINGS FIRM RESPONDENTS FINANCE SALE SENIOR BANKER OMISSIONS DUTY THEREUNDER |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7777 / November 17, 1999
SECURITIES EXCHANGE ACT OF 1934
Release No. 42150 / November 17, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10102
In the Matter of
HDI, Inc. and. Dennis E. Thiemann,
Respondents.
ORDER INSTITUTING
ADMINISTRATIVE
PROCEEDINGS, MAKING
FINDINGS, AND ISSUING A
CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission (the "Commission") deems it
appropriate that public administrative proceedings be, and they hereby
are, instituted pursuant to Section 8A of the Securities Act of 1933
("Securities Act") and Section 21C of the Securities Exchange Act of
1934 ("Exchange Act") against HDI, Inc. ("HDI") and Dennis E. Thiemann
("Thiemann").
II.
In anticipation of the institution of these proceedings, HDI and
Thiemann have each submitted an offer of settlement, which the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceeding brought by or on behalf of the
Commission or in which the Commission is a party, and prior to a
hearing pursuant to the Commission's Rules of Practice, 17 C.F.R.
§201.100 et seq., HDI and Thiemann, without admitting or denying the
findings contained herein, except that each admits to the jurisdiction
of the Commission over them and over the subject matter of these
proceedings, consent to the entry of the findings, the institution of
the cease-and-desist order and the order requiring disgorgement set
forth below.
III.
SNIPPETS:
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