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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
ACT BURTON LINVILLE ADVISERS ACT SECURITIES EXCHANGE ACT FUNDS COMMISSION PROCEEDING INSTITUTING PURSUANT BROKER FINDINGS MEANING FRAUD MONEY LAUNDERING CONVICTION LICENSE UNITED STATES JAMES REUBEN BURTON ORDER INSTITUTING MAKING FINDINGS SANCTIONS WESTERN DISTRICT ADMITTING FOUNDER PRESIDENT NORTH CAROLINA BILL |
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 47574 / March 26, 2003
INVESTMENT ADVISERS ACT OF 1940
Release No. 2118 / March 26, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11074
_________________________________________________________________
In the Matter of
JAMES REUBEN BURTON, JR.
Respondent.
_________________________________________________________________
ORDER INSTITUTING A PUBLIC PROCEEDING PURSUANT TO SECTION 15(b)(6) OF
THE SECURITIES EXCHANGE ACT OF 1934 AND SECTION 203(f) OF THE
INVESTMENT ADVISERS ACT OF 1940, MAKING FINDINGS AND IMPOSING REMEDIAL
SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that a public administrative
proceeding be instituted pursuant to Section 15(b)(6) of the
Securities Exchange Act of 1934 ("Exchange Act") and Section 203(f) of
the Investment Advisers Act of 1940 ("Advisers Act") against James
Reuben Burton, Jr. ("Burton").
II.
In anticipation of the institution of this proceeding, Burton has
submitted an Offer of Settlement ("Offer"), which the Commission has
determined to accept. Solely for purposes of this proceeding and any
other proceeding brought by or on behalf of the Commission, or to
which the Commission is a party, and without admitting or denying the
findings herein, except as to the Commission's jurisdiction over
Burton and the subject matter of this proceeding, and the findings
contained in paragraph III.B. below, which are admitted, Burton
consents to the entry of this Order Instituting A Public Proceeding
Pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934
and Section 203(f) of the Investment Advisers Act of 1940, Making
SNIPPETS:
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