 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE PROCEEDING
|
EXTRACTED KEY WORDS
SITARAS COMMISSION SECURITIES ACT STOCK MHN SELL PROCEEDING VIOLATION INTERNET EXCHANGE ACT RESPONDENT EXEMPTIONS SALE INSTITUTING FINDINGS OFFERING AUCTION EBAY SHARES POSTING HOLDING PERIOD TRANSACTIONS MAKING FINDINGS IMPOSING CEASE-AND-DESIST ORDER PURSUANT METROPOLITAN HEALTH NETWORKS MARKET SELLER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7758 / October 20, 1999
ADMINISTRATIVE PROCEEDING
File No. 3-10082
In the Matter of
LOUIS SITARAS
ORDER INSTITUTING PUBLIC
PROCEEDINGS, MAKING FINDINGS,
AND IMPOSING A CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that a public cease-and-desist proceeding be, and hereby
is, instituted pursuant to Section 8A of the Securities Act of 1933
("Securities Act") to determine whether Louis Sitaras ("Sitaras" or
"Respondent") violated Section 5(c) of the Securities Act.
II.
In anticipation of the institution of this proceeding, Sitaras has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for the purpose of this proceeding 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 contained herein, except that Respondent admits the
jurisdiction of the Commission over him and over the subject matter of
this proceeding, Sitaras consents to the issuance of this Order
Instituting Public Proceedings, Making Findings, and Imposing a
Cease-and-Desist Order ("Order") and to the entry of the findings and
the imposition of the relief set forth below.
III.
On the basis of this Order and Respondent's Offer, the Commission
finds the following
Respondent
A. Sitaras, age 37, resides in Jupiter, Florida.
Other Relevant Entity
B. Metropolitan Health Networks, Inc. ("MHN") is a Florida-based
provider of health care services. Its common stock is registered with
the Commission pursuant to Section 12(g) of the Exchange Act and
SNIPPETS:
|
|
|
| | | |
|
|
