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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION SECURITIES EXCHANGE ACT EXCHANGE ACT REHTORIK ADMINISTRATIVE PROCEEDINGS PUBLIC ADMINISTRATIVE PROCEEDINGS PROCEEDINGS PURSUANT RESPONDENT ADMITTING FINDINGS PARAGRAPH ENTRY HEREBY UNITED STATES AMERICA DEEMS MICHAEL ANTICIPATION SETTLEMENT PURPOSE PARTY DENYING JURISDICTION MATTER INJUNCTION SET REHTORIK CONSENTS MAKING FINDINGS IMPOSING PENNY STOCK PENNY STOCK BAR |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 42097 / November 4, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10090
____________________________________
ORDER INSTITUTING PUBLIC
In the Matter of ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 15(b) OF
MICHAEL W. REHTORIK, THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS AND
IMPOSING PENNY STOCK BAR
Respondent.
____________________________________
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative
proceedings be instituted against Michael W. Rehtorik ("Rehtorik" or
"Respondent") pursuant to Section 15(b) of the Securities Exchange Act
of 1934 ("Exchange Act").
In anticipation of the institution of these proceedings, Rehtorik 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
to which the Commission is a party, and without admitting or denying
any of the findings contained herein, except as to the jurisdiction of
the Commission over him and over the subject matter of these
proceedings, and the matters set forth in paragraph II.1. below, and
the entry of the injunction set forth in paragraph II.4. below, which
are admitted, Rehtorik consents to the entry of this Order Instituting
Public Administrative Proceedings Pursuant to Section 15(b) of the
Securities Exchange Act of 1934, Making Findings, and Imposing Penny
Stock Bar ("Order"), by the Commission.
Accordingly, it is hereby ordered that proceedings pursuant to Section
15(b) of the Exchange Act be, and hereby are, instituted.
_________________________________________________________________
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