SEC v INTERSTATE TRANSFER COMPANY and JANIS A. PATTERSON


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Keywords & Phrases

CaseNo: LR-17562, CourtCode: FED, CourtName: ACT OF 1934, THE FEDERAL DISTRICT COURT ENFORCE THE COMMISSIONS CEASE, Defendant: Interstate Transfer Company and Janis A. Patterson, Plaintiff: SEC, State: UT Utah, UniqueCaseRef: SEC>LR-17562, Violations, Patterson, Securities, Commission, Cease, Securities Exchange Act, Interstate Transfer Company, District, Itc, Janis, Civil, Enjoin, Transfer Agent, Regulations, Permanent Injunction, Consent, President, Owner, Transfer Agent Record-keeping, Agent Record-keeping Provisions, Federal Securities Laws, Order Required Interstate, Civil Penalty, Thereunder, Regulations Governing, Registered Transfer Agents, Pursuant, Federal District Court, District Court Enforce , ContentID: 120253102

Case Documents

2002-06-13

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 128933

1 pages
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Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

PATTERSON
SECURITIES
COMMISSION
CEASE
SECURITIES EXCHANGE ACT
INTERSTATE TRANSFER COMPANY
DISTRICT
ITC
JANIS
CIVIL
DEFENDANTS
ENJOIN
TRANSFER AGENT
REGULATIONS
PERMANENT INJUNCTION
CONSENT
PRESIDENT
OWNER
TRANSFER AGENT RECORD-KEEPING
AGENT RECORD-KEEPING PROVISIONS
FEDERAL SECURITIES LAWS
ORDER REQUIRED INTERSTATE
CIVIL PENALTY
THEREUNDER
REGULATIONS GOVERNING
REGISTERED TRANSFER AGENTS
PURSUANT
FEDERAL DISTRICT COURT
DISTRICT COURT ENFORCE

SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17562 / June 13, 2002

   S.E.C. v. Interstate Transfer Company and Janis A. Patterson, Civil
   Action No. 2 00CV 928C (USDC UT)

   On June 7, 2002, the Honorable Tena Campbell, U.S. District Judge for
   the District of Utah, issued a permanent injunction by consent against
   Interstate Transfer Company ("ITC") and Janis A. Patterson
   ("Patterson"), ITC's president and owner. The defendants were enjoined
   from violating an Order to Cease and Desist from violations of the
   transfer agent record-keeping provisions of the federal securities
   laws. That order was issued by the Commission in March 1999. In
   addition, the order required Interstate and Patterson to pay a civil
   penalty of $10,000.

   The Commission's Complaint alleged that in March 1999, the Commission
   had ordered ITC and Patterson to cease and desist from violations of
   Sections 17(a)(3), 17(f)(2) and 17A(d) of the Securities Exchange Act
   of 1934 and Rules 17f-2, 17Ad-2, 17Ad-6, 17Ad-10, 17Ad-15 and 17Ad-16
   thereunder, which are regulations governing the conduct of registered
   transfer agents. The Complaint alleged that ITC and Patterson
   continued to violate virtually all of the regulations they were
   ordered by the Commission in 1999 to cease violating. The Complaint
   requested that, pursuant to Section 21(e) of the Securities Exchange
   Act of 1934, the federal district court enforce the Commission's Cease
   and Desist Order, enjoin ITC and Patterson from further violations and
   fine the defendants for their violations of the Commission's Order.
     _________________________________________________________________

Modified 06/13/2002

SNIPPETS:

On June 7, 2002, the Honorable Tena Campbell, U.S. District Judge for the District of Utah,

The defendants were enjoined from violating an Order to Cease and Desist from violations of

That order was issued by the Commission in March 1999.

In addition, the order required Interstate and Patterson to pay a civil penalty of $10,000.

The Commission's Complaint alleged that in March 1999, the Commission had ordered ITC and

The Complaint alleged that ITC and Patterson continued to violate virtually all of the

The Complaint requested that, pursuant to Section 21of the Securities Exchange Act of 1934,


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