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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
EXCHANGE ACT COMMISSION SECURITIES STOCK ADMINISTRATIVE PROCEEDINGS PURSUANT SCORPION FINDINGS OFFERING INSTITUTING OFFICER AMENDED COMPLAINT PRICE PENNY STOCK PARTICIPATING SHARES IMPOSING REMEDIAL SANCTIONS HEREBY SETTLEMENT BROKER SCORPION TECHNOLOGIES COMMON STOCK DEALER SALE BASIS ARIZONA MARKET DISTRICT COURT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 47329 / February 6, 2003
Administrative Proceeding
File No. 3-11036
_________________________________________________________________
In the Matter of
Albert Terranovat
Respondents.
_________________________________________________________________
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION
15(b)(6) 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 that administrative proceedings
be, and hereby are, instituted pursuant to Section 15(b)(6) of the
Securities Exchange Act of 1934 ("Exchange Act") against Albert
Terranova ("Terranova").
II.
In anticipation of the institution of these administrative
proceedings, Terranova has submitted an Offer of Settlement ("Offer"),
which the Commission has determined to accept. Solely for the purpose
of these proceedings, 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 set forth below, except that
Terranova admits the Commission's finding that a Final Judgment of
Permanent Injunction and Other Equitable Relief has been entered
against him as set forth in paragraph III.C., below, and admits the
Commission's jurisdiction over him and over the subject matter of
these proceedings, Terranova consents to the entry of this Order
Instituting Administrative Proceedings Pursuant to Section 15(b)(6) of
the Securities Exchange Act of 1934, Making Findings, and Imposing
Remedial Sanctions ("Order").
III.
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