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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SWEEPSTAKES MACHINES EXCHANGE ACT COMMISSION TEXAS REVENUES NEWSLETTER VIOLATIONS REPORTS SECURITIES COUNTY MISLEADING RESPONDENT CEASE-AND-DESIST PROCEEDINGS FINDINGS INTERNET PRESIDENT THEREUNDER INSTITUTING PURSUANT PUBLICATION AUTHORITIES GROWING REVENUES SEIZURES REVIEW DISTRICT SCIENTER MATTER CHARITY TEXAS LAW ENFORCEMENT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 47524 / March 18, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11071
_________________________________________________________________
In the Matter of
BGI Inc.,
Respondent.
_________________________________________________________________
ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 21C
OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING
A CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that cease-and-desist proceedings be, and hereby are,
instituted against BGI Inc. ("BGI" or "Respondent"), pursuant to
Section 21C of the Securities Exchange Act of 1934 ("Exchange Act").
II.
In anticipation of the institution of these proceedings, the
Respondent has submitted an Offer of Settlement ("Offer") that the
Commission has determined to accept. Solely for the purpose of these
proceedings and any other proceedings brought by or on behalf of the
Commission, or to which the Commission is a party, the Respondent, by
its Offer, admits the jurisdiction of the Commission over it and over
the subject matter of these proceedings, and consents to the entry of
this Order Instituting Cease-and-Desist Proceedings Pursuant to
Section 21C of the Securities Exchange Act of 1934, Making Findings,
and Imposing a Cease-and-Desist Order ("Order"), without admitting or
denying the Commission's findings contained in this Order.
III.
On the basis of this Order and Respondent's Offer, the Commission
SNIPPETS:
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