 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE PROCEEDING
|
EXTRACTED KEY WORDS
XAIBE EXCHANGE ACT COMMISSION VIOLATION REPORT PURSUANT SECURITIES AUDITING FIRM AUDIT THEREUNDER RESPONDENT LOWELL FINDINGS MATERIALLY FALSE MISLEADING FORM FINANCIAL STATEMENTS FILING CEASE-AND-DESIST ORDER PURSUANT CHIEF OPERATING OFFICER RESIGNING CAUSING FUTURE VIOLATION MATTER ORDER MAKING FINDINGS IMPOSING SETTLEMENT ADMITTING REPRESENTATION NICHOLAS CAUSED XAIBE |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 48359 / August 18, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-11182
_________________________________________________________________
In the Matter of
Xaibe, Inc.
Lowell Nicholas,
Respondents.
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING CEASE-AND-DESIST ORDER PURSUANT TO
SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO LOWELL
NICHOLAS
I.
The Securities and Exchange Commission ("Commission") instituted
public cease-and-desist proceedings pursuant to Section 21C of the
Securities Exchange Act of 1934 ("Exchange Act") against Lowell
Nicholas ("Respondent") on July 16, 2003.
II.
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 prior to a
hearing pursuant to the Commission's Rules of Practice, 17 C.F.R.
201.1 et seq., and without admitting or denying the findings herein,
except as to the Commission's jurisdiction over him and the subject
matter of these proceedings, which are admitted, Respondent consents
to the entry of this Order Making Findings and Imposing
Cease-and-Desist Order Pursuant to Section 21C of the Securities
Exchange Act of 1934 as to Lowell Nicholas ("Order"), as set forth
below.
III.
On the basis of this Order and Respondent's Offer, the Commission
SNIPPETS:
|
|
|
| | | |
|
|
