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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES EXCHANGE ACT BROKER-DEALER EDUARDO VILLAR SECURITIES LAWS COMMISSION PROCEEDING SANCTION VIOLATIONS ANTIFRAUD REGISTRATION PROVISIONS OIP PURSUANT UNREGISTERED BROKER-DEALER DEALER WEB HOSTING PARTNERSHIP MATTER FINDINGS RELEVANT TIMES FUTURE VIOLATIONS FEDERAL SECURITIES LAWS PREHEARING CONFERENCE PIANTINI FLORIDA DEFEND MEANING ACCORDS CONNECTION |
United States of America
before the
Securities and Exchange Commission
Washington, D.C. 20549
Securities Exchange Act of 1934
Release No. 47625 / April 3, 2003
Administrative Proceeding
File No. 3-11044
_________________________________________________________________
In the Matter of
EDUARDO VILLAR
Respondent.
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING SANCTION BY DEFAULT AGAINST EDUARDO
VILLAR
SUMMARY
This Order bars Eduardo Villar from association with a broker-dealer.
He has been permanently enjoined against violations of the antifraud
and registration provisions of the securities laws.
I. BACKGROUND
The Securities and Exchange Commission (Commission) issued its Order
Instituting Proceedings (OIP) in this matter on February 25, 2003,
pursuant to Section 15(b) of the Securities Exchange Act of 1934
(Exchange Act). The OIP alleges that Eduardo Villar was associated
with an unregistered broker-dealer during all relevant times and was
enjoined against future violations of the antifraud and registration
provisions of the federal securities laws on November 14, 2002. A
prehearing conference was held today. Both parties appeared the
Division of Enforcement (Division) by Teresa J. Verges, Esq., and
Villar, by Albert Piantini, Esq., of Piantini & Associates, Coconut
Grove, Florida. At the prehearing conference, the Division moved for
default, pursuant to 17 C.F.R. § 201.155(a)(2), asking that Villar be
barred from association with any broker or dealer; through his
attorney, Villar affirmatively stated that he would not defend the
proceeding and would accept a default ordering the relief that the
Division seeks.
Villar is in default within the meaning of 17 C.F.R. § 201.155(a)(2)
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