UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 48580 / October 1, 2003
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 1885 / October 1, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11291
_________________________________________________________________
In the Matter of
LAURENCE M. SIMON, CPA,
Respondent.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE 102(e)
OF THE COMMISSION'S RULES OF PRACTICE, 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 against Laurence M. Simon,
CPA ("Respondent" or "Simon") pursuant to Rule 102(e)(3)(i) of the
Commission's Rules of Practice.
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. 3 below, which
are admitted, Respondent consents to the entry of this Order
Instituting Administrative Proceedings Pursuant to Rule 102(e) of the
Commission's Rules of Practice, Making Findings, and Imposing Remedial
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE 102
OF THE COMMISSION'S RULES OF PRACTICE, 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
ssion's Rules of Practice, Making Findings, and Imposing Remedial Sanctions, as set forth below.
He served as Chief Financial Officer of Medi-Hut Company, Inc. from 2001 until his
Medi-Hut was, at all relevant times, a Nevada corporation with its principal place of
Medi-Hut was engaged in the business of wholesaling pharmaceutical drugs and medical supplies.
At all relevant times, Medi-Hut's common stock was registered with the Commission pursuant to
On August 27, 2003, the Court entered an order permanently enjoining Simon, by consent, from
The Court also prohibited Simon from acting as an officer or director of any issuer that has
The Commission's complaint alleged, among other things, the following Simon, along with
Accordingly, it is hereby ORDERED, effective immediately, that Simon is suspended from
permanently enjoined by any court of competent jurisdiction, by reason of his or her
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