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1
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SEC ADMINISTRATIVE LAW JUDGE DECISION
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EXTRACTED KEY WORDS
PENNY STOCK SECURITIES EXCHANGE ACT COMMISSION PARTICIPATING OFFERING ADMINISTRATIVE LAW JUDGE LYBRAND F/K/A PETER PERMANENT DIV PROCEEDING PURSUANT UNITED STATES BAR EXS CONNECTION ETA STOCK THEREUNDER UNITED STATES DISTRICT ENFORCEMENT RESPONDENT PETER STATES DISTRICT COURT FUTURE VIOLATIONS MANIPULATION FALSE STATEMENTS INVOLVEMENT MISCONDUCT CRIMINAL CONVICTION APPEARANCES RICHARD |
Initial Decision of an SEC Administrative Law Judge
Peter C. Lybrand
INITIAL DECISION RELEASE NO. 234
ADMINISTRATIVE PROCEEDING
FILE NO. 3-11028
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_________________________________________________________________
In the Matter of
PETER C. LYBRAND
f/k/a PETER C. TOSTO
_________________________________________________________________
INITIAL DECISION
September 3, 2003
APPEARANCES Richard E. Simpson and Laura M. Jarsulic for the Division
of
Enforcement, United States Securities and Exchange Commission.
Jorge Luis Flores for Respondent Peter C. Lybrand f/k/a Peter C.
Tosto.
BEFORE Lillian A. McEwen, Administrative Law Judge.
SUMMARY
Respondent Peter C. Lybrand f/k/a Peter C. Tosto (Lybrand) willfully
violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933
(Securities Act), and Section 10(b) of the Securities Exchange Act of
1934 (Exchange Act) and Rule 10b-5 thereunder in connection with his
involvement with certain penny stocks. This Initial Decision
permanently bars Lybrand from participating in any offering of penny
stock.
PROCEDURAL HISTORY
The Securities and Exchange Commission (Commission) instituted this
proceeding on February 5, 2003, pursuant to Section 15(b)(6) of the
Exchange Act, and Lybrand filed his Answer (Answer) on March 6, 2003.
I held a public hearing in Eglin, Florida, from April 29 to 30, 2003,
at which Lybrand testified and the Division of Enforcement (Division)
SNIPPETS:
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