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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT COMMON STOCK COMMISSION SECURITIES PURSUANT REGISTRATION STATEMENT NORTHSTAR NETWORK INVESTORS REVOKE THEREUNDER MATERIAL FACTS ADMINISTRATIVE PROCEEDINGS FINDINGS PROTECTION SALE FILING MISLEADING BUSINESS EXPECTATION FUNDS OFFICERS SHARES DISCLOSURE FAILING SUSPEND STATE MATERIAL FACTS MAKING FINDINGS PURCHASE DIRECTORS |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT of 1934
Release No. 46388 / August 21, 2002
ADMINISTRATIVE PROCEEDING
File No. 3-10869
_________________________________________________________________
In the Matter of
NorthStar Network, Inc.,
Respondent.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS, MAKING FINDINGS AND
REVOKING THE REGISTRATION OF THE COMMON STOCK OF NORTHSTAR NETWORK,
INC. PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934
I.
The Commission deems it appropriate and for the protection of
investors that proceedings be, and hereby are, instituted pursuant to
Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act")
against NorthStar Network, Inc. ("NorthStar"), a corporation whose
stock is registered with the Commission pursuant to Section 12(g) of
the Exchange Act, to determine whether it is necessary and appropriate
for the protection of investors to revoke the registration of
NorthStar's common stock for its failure to comply with Sections
10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and
Rules 10b-5, 13a-1 and 13a-13 thereunder.
II.
In anticipation of these administrative proceedings, NorthStar has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for the purposes of this proceeding and
any other proceeding 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 those contained in Section III A.
below, and the jurisdiction of the Commission over it and over the
subject matter of these proceedings, which are admitted, NorthStar
consents to the issuance of this Order Instituting Administrative
Proceedings, Making Findings and Revoking The Registration of Common
Stock of NorthStar Network, Inc. Pursuant to Section 12(j) of the
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