 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC ADMINISTRATIVE PROCEEDING
|
EXTRACTED KEY WORDS
SECURITIES COMMISSION EXCHANGE ACT PROCEEDING WALSH COMPLAINT VIOLATIONS ADMINISTRATIVE PROCEEDINGS ADMINISTRATIVE PROCEEDINGS PURSUANT ADMITTING PERMANENT INJUNCTION DISTRICT UNITED STATES MAKING FINDINGS IMPOSING REMEDIAL SANCTIONS DENYING JUDGEMENT RELIEF CONSENT BROKER-DEALER REPRESENTATIVES MATERIAL MISREPRESENTATIONS OMISSIONS CONNECTION SALE PREFERRED STOCK PROMISSORY NOTES ANTIFRAUD PROVISIONS FEDERAL SECURITIES |
United States of America
before the
Securities and Exchange Commission
Securities Exchange Act of 1934
Release No. 47519 / March 18, 2003
Administrative Proceeding
File No. 11068
_________________________________________________________________
In the Matter of
DISCOVERY CAPITAL GROUP, INC. and ERIK WALSH
Respondent.
_________________________________________________________________
ORDER INSTITUTING PUBLIC 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 to institute public
administrative proceedings pursuant to Section 15(b) of the Securities
Exchange Act of 1934 ("Exchange Act") against Respondents Discovery
Capital Group, Inc. ("Discovery Capital") and Erik Walsh ("Walsh")
(collectively, "Respondents").
II.
In anticipation of the institution of these proceedings, Respondents
have submitted Offers of Settlement ("Offers") to the Commission,
which the Commission has determined to accept. Solely for the purpose
of this proceeding and any other proceeding 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
jurisdiction of the Commission over Respondents and over the subject
matter of this proceeding, and as to the entry of Final Judgments of
Permanent Injunction and Other Relief as set forth in Sections III. E.
and F. below, which are admitted by Respondents Discovery Capital and
Walsh, respectively, Respondents consent to the entry of this Order
Instituting Public 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.
SNIPPETS:
|
|
|
| | | |
|
|
