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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
AIG POLICY ACCOUNTING BRIGHTPOINT EXCHANGE ACT INSURANCE COMMISSION PREMIUM SECURITIES EXCHANGE ACT AUDITORS LOSSES FINDINGS CEASE-AND-DESIST ORDER PURSUANT LOSS FINANCIAL STATEMENTS PURPOSES ANTICIPATION PHILLIP BOUNSALL FIRST RESTATEMENT UNITED STATES MAKING FINDINGS INSURANCE RECOVERIES ONE-TIME CHARGE INSURANCE CLAIM PAYMENTS ADMINISTRATIVE PROCEEDING RESPONDENT PREMIUM EXPENSE TRANSACTIONS ACCEPTED ACCOUNTING PRINCIPLES BRIGHTPOINT POLICIES |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 48475 / September 11, 2003
Accounting and Auditing Enforcement
Release No. 1855 / September 11, 2003
Administrative Proceeding
File No. 3-11252
_________________________________________________________________
In the Matter of
PHILLIP BOUNSALL,
Respondent
_________________________________________________________________
ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS, MAKING FINDINGS, AND
IMPOSING A CEASE-AND-DESIST ORDER PURSUANT TO SECTION 21C OF THE
SECURITIES EXCHANGE ACT OF 1934 AS TO PHILLIP BOUNSALL
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate that ceast-and-desist proceedings be, and hereby are,
instituted against Phillip Bounsall ("Bounsall") pursuant to Section
21C of the Securities Exchange Act of 1934 (the "Exchange Act").
II.
In anticipation of the institution of these administrative
proceedings, Bounsall has submitted an Offer of Settlement ("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 in which the Commission is a party, and without
admitting or denying the findings contained herein, except as to the
Commission's finding of jurisdiction over Bounsall and the subject
matter of this proceeding, which Bounsall admits, Bounsall consents to
the issuance of this Order Instituting Cease-and-Desist Proceedings,
Making Findings, and Imposing a Cease-and-Desist Order Pursuant to
Section 21C of the Securities Exchange Act of 1934 as to Phillip
Bounsall ("Order") and to the entry of the findings and imposition of
SNIPPETS:
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