UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No.47291/January 31, 2003
ADMINISTRATIVE PROCEEDING
File No. 3-10871
_________________________________________________________________
In the Matter of
IVES HEALTH
COMPANY, INC.
Respondent.
_________________________________________________________________
ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT
I.
Respondent Ives Health Company, Inc. (Ives Health) is in default under
Rule 155(a) of the Securities and Exchange Commission's (Commission)
Rules of Practice, 17 C.F.R. § 201.155(a), because it has failed to
file an answer and has failed to file a response to my Order to Show
Cause issued November 26, 2002. Furthermore, at a prehearing
conference held on January 24, 2003, Ives Health stated that it has no
assets and will not object to the entry of a default judgment.
On January 28, 2003, the Division filed a Motion For Order Making
Findings and Imposing Sanction By Default (Motion) for Ives Health's
failure to file an answer to the Order Instituting Proceedings (OIP)
by October 7, 2002, in accordance with Rule 220(f) of the Commission's
Rules of Practice, 17 C.F.R. § 201.220(f). The Motion, filed pursuant
to Rule 155(a) of the Commission's Rules of Practice, 17 C.F.R.
201.155(a), seeks an order revoking the registration of Ives Health's
common stock, pursuant to Section 12(j) of the Securities Exchange Act
of 1934 (Exchange Act).
II.
Accordingly, I find the allegations in the OIP, dated August 27, 2002,
are true
A. Ives Health is an Oklahoma corporation whose common stock is
registered with the Commission pursuant to Section 12(g) of the
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
IVES HEALTH COMPANY, INC.
ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT
Respondent Ives Health Company, Inc. is in default under Rule 155of the Securities and
On January 28, 2003, the Division filed a Motion For Order Making Findings and Imposing
The Motion, filed pursuant to Rule 155of the Commission's Rules of Practice, 17 C.F.R. §
Accordingly, I find the allegations in the OIP, dated August 27, 2002, are true
Ives Health is an Oklahoma corporation whose common stock is registered with the Commission
Beginning on April 6, 2000, Ives Health was required, pursuant to Section 13of the Exchange
As a result of the foregoing, Ives Health failed to comply with Section 13of the Exchange Act
Following the Commission's 10-day trading suspension of Ives Health stock in March 2001, the
On March 20, 2002, Ives Health was permanently enjoined by the U.S. District Court for the
ACCORDINGLY, IT IS ORDERED, pursuant to Section 12Exchange Act, that the registration of Ives
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