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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT VILLAR ADMINISTRATIVE PROCEEDINGS COMMISSION DISTRICT UNITED STATES FLORIDA COMPLAINT HOSTING HEADQUARTERS PARTNERSHIP EDUARDO VILLAR PURSUANT ALLEGES STATES DISTRICT COURT SOUTHERN DISTRICT WEB HOSTING HEADQUARTERS VIOLATING LAWS CONSENT ADMITTING DENYING JUDGEMENT PERMANENT INJUNCTION RELIEF ENJOINING VILLAR FUTURE VIOLATIONS THEREUNDER ADMINISTRATIVE LAW JUDGE DISPUTE REMEDIAL SANCTIONS |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 34-47401 / February 25, 2003
Administrative Proceeding
File No. 3-11044
ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST EDUARDO VILLAR
The Securities and Exchange Commission (Commission) announced today
that it has instituted public administrative proceedings against
Eduardo Villar (Villar) of Alachua, Florida, pursuant to Section 15(b)
of the Securities Exchange Act of 1934 (Exchange Act). The Order
Instituting Public Administrative Proceedings Pursuant To Section
15(b) Of The Securities Exchange Act Of 1934 (Order) alleges that on
December 28, 2000, the Commission filed a Complaint in the United
States District Court for the Southern District of Florida, SEC v. Web
Hosting Headquarters Partnership, et al., Civil Action No.
00-4975-CIV-HIGHSMITH/TURNOFF (S.D. Fla.), against Villar and others.
The Complaint charged Villar and others with violating the securities
registration, broker-dealer registration, and antifraud provisions of
the federal securities laws, in connection with the unregistered
offering of securities in the form of partnership units issued by Web
Hosting Headquarters Partnership. The Order further alleges that on
November 14, 2002, by Villar's consent, and without admitting or
denying the allegations contained in the Commission's Complaint, the
United States District Court for the Southern District of Florida
entered a Judgment of Permanent Injunction and Other Relief, enjoining
Villar from any future violations of Sections 5(a), 5(c), and 17(a) of
the Securities Act of 1933 (Securities Act), Sections 10(b) and
15(a)(1) of the Exchange Act, and Rule 10b-5, thereunder.
A hearing will be scheduled before an administrative law judge to
determine whether the allegations contained in the Order are true, to
provide Villar an opportunity to dispute these allegations, and to
determine what, if any, remedial sanctions are appropriate in the
public interest.
_________________________________________________________________
Modified 02/28/2003
SNIPPETS:
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