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SEC v R-TEC TECHNOLOGIES, INC Click to find out why . . .



Keywords & Phrases
CaseNo: 34-45055, Defendant: R-Tec Technologies, Inc., Plaintiff: SEC, UniqueCaseRef: SEC>34-45055, R-tec Technologies, C-band System, Exchange Act, Commission, Patent, Securities, Instituting, Cease-and-desist Proceedings, Findings, Chemical Terrorism, Material Fact, Agent, Commitments, Thereunder, Violation, Making Findings, Imposing, Pursuant, Government Leaders, Protect Civilians, Neutralization, Respondent, Deems, Hereby, Sanction, Jersey, Common Stock, Citizens, Life, Chemical Terrorism Attacks , ContentID: 120246949

Case Documents
1 2001-11-15 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 117099
3 pages
HTML
Total Documents: 1 document , 3 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
C-BAND SYSTEM
EXCHANGE ACT
COMMISSION
PATENT
SECURITIES
INSTITUTING
CEASE-AND-DESIST PROCEEDINGS
FINDINGS
CHEMICAL TERRORISM
MATERIAL FACT
AGENT
COMMITMENTS
THEREUNDER
VIOLATION
MAKING FINDINGS
IMPOSING
PURSUANT
GOVERNMENT LEADERS
PROTECT CIVILIANS
NEUTRALIZATION
RESPONDENT
DEEMS
HEREBY
SANCTION
JERSEY
COMMON STOCK
CITIZENS
LIFE
CHEMICAL TERRORISM ATTACKS
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 45055 / November 15, 2001

   ADMINISTRATIVE PROCEEDING
   File No. 3-10637
     _________________________________________________________________

   In the Matter of

   R-TEC TECHNOLOGIES, INC.,

     Respondent.
     _________________________________________________________________

   ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS, MAKING FINDINGS, AND
   IMPOSING A CEASE-AND-DESIST ORDER

                                     I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate that public cease-and-desist proceedings be, and they
   hereby are, instituted pursuant to Section 21C of the Securities
   Exchange Act of 1934 ("Exchange Act") against R-Tec Technologies, Inc.
   ("R-Tec Technologies" or "Respondent").

                                    II.

   In anticipation of the institution of the administrative proceedings,
   R-Tec Technologies has submitted an Offer of Settlement ("Offer"),
   which the Commission has determined to accept. R-Tec Technologies
   admits the jurisdiction of the Commission over it and the subject
   matter of these proceedings. Solely for the purpose of this proceeding
   and any other proceeding brought by or on behalf of the Commission or
   to which the Commission is a party, prior to a hearing and without
   admitting or denying the findings, R-Tec Technologies consents to the
   issuance of this Order Instituting Cease-and-Desist Proceedings,
   Making Findings and Imposing a Cease-and-Desist Order ("Order") and to
   the entry of the findings and the imposition of the remedial sanction
   as set forth below. Accordingly, IT IS ORDERED that said proceedings
   be, and hereby are, instituted.

                                    III.

   On the basis of this Order and the Offer, the Commission finds that
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • The Securities and Exchange Commission deems it appropriate that public cease-and-desist
  • Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of
  • Respondent R-Tec Technologies is a New Jersey corporation headquartered in Flanders,
  • The common stock of R-Tec Technologies is registered pursuant to Section 12of the Exchange
  • On September 24, 2001, R-Tec Technologies issued a press release titled "Research Company
  • The press release further stated that this system, which R-Tec Technologies had named the a harmful bio or chem-agent the C-BAND unit sets in motion a series of events that are designed to
  • The September 24, 2001 and October 30, 2001 R-Tec Technologies press releases contained
  • A prototype of the C-BAND system has never been tested.
  • R-Tec Technologies does not hold any patent for the C-BAND system.
  • R-Tec Technologies has not received any commitments from any government officials or agencies
  • E. Section 10of the Exchange Act and Rule 10b-5 thereunder prohibit, in connection with the
  • Accordingly, IT IS ORDERED, pursuant to Section 21C of the Exchange Act, that R-Tec
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