UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 47462 / March 7, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11056
_________________________________________________________________
ANDREW L. POPE,
Respondent.
_________________________________________________________________
ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative
proceedings be, and hereby are, instituted pursuant to Section 15(b)
of the Securities Exchange Act of 1934 ("Exchange Act") against Andrew
L. Pope ("Respondent" or "Pope").
II.
In anticipation of the institution of these proceedings, Respondent
has submitted an Offer of Settlement (the "Offer") which 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, and without
admitting or denying the findings herein, except as to the
Commission's jurisdiction over him and the subject matter of these
proceedings, and the findings contained in Section III.7 and III.8
below, which are admitted, Respondent consents to the entry of this
Order Instituting Administrative Proceedings Pursuant to Section 15(b)
of the Securities Exchange Act of 1934, Making Findings, and Imposing
Remedial Sanctions ("Order"), as set forth below.
III.
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS
The Securities and Exchange Commission deems it appropriate and in the public interest that
Solely for the purpose of these proceedings and any other proceedings brought by or on behalf
f the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions, as set
Pope, age 57, is a former resident of Las Vegas, Nevada.
In August 1993, Pope pleaded guilty to conspiracy to make counterfeit U.S. currency and,
United States v. Andrew L. Pope and Peter Romhani,
At all times relevant to this proceeding, the common stock of Hightec was registered with the
The complaint alleges that, during the relevant period, Pope disseminated numerous
The complaint further alleges that the e-mails disseminated by Pope contained false and
During February through May 2000, Hightec common stock was a penny stock.
Pope thereby engaged in activities with the issuer for the purpose of inducing the purchase
After disseminating the spam e-mails and fraudulently generating investor interest, Pope sold
On November 20, 2002, Pope pled guilty to one count of conspiracy to commit securities fraud,
ACCORDINGLY, IT IS HEREBY ORDERED
|
