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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
NELSON COMMISSION ACCOUNTS AGENCY FUNDS ADMINISTRATIVE PROCEEDINGS YORK PURSUANT SECURITIES EXCHANGE ACT INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS TRUST COMPANY BANK FINDINGS SANCTION YORK STATE BANKING VIOLATION IMPROPER TRANSFERS NYSBD RECORDING REASON ESCHEATMENT SUPERINTENDENT FOREGOING THEREUNDER MATTER CONTINENTAL STOCK TRANSFER IMPOSING TRANSFER AGENT HEREBY |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 47292 / January 31, 2003
Administrative Proceedings
File No. 3-11025
_________________________________________________________________
In the Matter of
Continental Stock Transfer and Trust Company, and Michael Nelson
Respondent.
_________________________________________________________________
ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO
SECTIONS 17A(c) AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING
FINDINGS AND IMPOSING A REMEDIAL SANCTION AND CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest that public administrative
proceedings be instituted pursuant to Sections 17A(c) and 21C of the
Securities Exchange Act of 1934 ("Exchange Act") against Continental
Stock Transfer and Trust Company ("Continental"), a transfer agent
registered with the Commission, and Michael Nelson ("Nelson").
II.
In anticipation of the institution of these administrative
proceedings, Continental and Nelson have submitted Offers of
Settlement ("Offers"), 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, Continental and Nelson, without admitting or denying the
findings contained in this Order Instituting Public Administrative
Proceedings Pursuant to Sections 17A(c) and 21C of the Securities
Exchange Act of 1934, Making Findings and Imposing a Remedial Sanction
and Cease-and-Desist Order ("Order"), except with respect to the
Commission's jurisdiction over them and over the subject matter of
these proceedings, which they admit, each consent to the issuance of
this Order and to the entry of the findings and the imposition of the
sanctions set forth below.
SNIPPETS:
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