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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
CORDO DAVIS CIVIL MONEY PENALTIES COMPLAINT EXCHANGE COMMISSION FLORIDA WILLIAM MITCHELL DISTRICT JUDGEMENT PERMANENT INJUNCTION UNREGISTERED SECURITIES ICC INVESTORS FIRM INTERNATIONAL CURRENCY CONSULTANTS BOCA RATON WORTH BOILER-ROOM OPERATION REQUIRING CORDO PAY CIVIL MONEY JUDGMENT PERMANENTLY ENJOINS VIOLATIONS SECURITIES ACT VALUABLE ASSISTANCE TEXAS STATE SECURITIES STATE SECURITIES BOARD MATTER |
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17184 / October 12, 2001
Securities and Exchange Commission v. William S. Cordo, Mitchell S.
Davis and John A. Blount, Civil Action No. 00-08392-CIV-RYSKAMP (S.D.
Florida, West Palm Beach Division) (complaint filed May 15, 2000)
The Securities and Exchange Commission (SEC) announced that on
September 28, 2001, the United States District Court for the Southern
District of Florida entered a final judgment of permanent injunction,
and imposed civil money penalties of $15,000 each, against William S.
Cordo and Mitchell Davis. Cordo and Davis consented to the entry of
the injunction and the imposition of the civil money penalties without
admitting or denying any of the allegations in the Commission's
complaint against them.
In a complaint filed on May 15, 2000, the SEC alleged that Cordo and
Davis engaged in an unregistered securities offering through a firm
they owned, International Currency Consultants, Inc. (ICC) of Boca
Raton, Florida. The complaint alleged that from about May 1998 to May
1999, ICC sold approximately $1.7 million worth of unregistered
securities to investors using a boiler-room operation established by
Cordo and Davis. In addition to requiring Cordo and Davis to pay civil
money penalties of $15,000 each, the final judgment permanently
enjoins Cordo and Davis from further violations of Sections 5(a) and
5(c) of the Securities Act of 1933.
The SEC would like to acknowledge the valuable assistance of the Texas
State Securities Board in its investigation of this matter.
_________________________________________________________________
Modified 10/15/2001
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