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SEC v NANO WORLD PROJECTS CORPORATION ROBERT G. MAHONY, et al Click to find out why . . .



Keywords & Phrases
CaseNo: 228, Defendant: Nano World Projects Corporation Robert G. Mahony, Administrative Law Judge File No. 3-11066, Plaintiff: SEC, UniqueCaseRef: SEC>228, Nano, Exchange Act, Motion, Pursuant, Securities, Commission, Projects Corporation, Party, Administrative Law Judge, Respondent, Robert, Chairman, Chief Executive Officer, Proceeding, Set Aside Order, Summary Disposition, Review, Periodic Reports, Thereunder, Petition, Common Stock, Enforcement, Robert Papalia, Mahony, Instituting, Alleges, Pending, Civil Injunctive Action, Request, Findings , ContentID: 120255918

Case Documents
1 2003-05-20 SEC ADMINISTRATIVE LAW JUDGE DECISION
[ see first page and extracted highlights below  ] ItemID: 133208
3 pages
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Total Documents: 1 document , 3 pages
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1 . SEC ADMINISTRATIVE LAW JUDGE DECISION

EXTRACTED KEY WORDS
EXCHANGE ACT
MOTION
PURSUANT
SECURITIES
COMMISSION
PROJECTS CORPORATION
PARTY
ADMINISTRATIVE LAW JUDGE
RESPONDENT
ROBERT
CHAIRMAN
CHIEF EXECUTIVE OFFICER
PROCEEDING
SET ASIDE ORDER
SUMMARY DISPOSITION
REVIEW
PERIODIC REPORTS
THEREUNDER
PETITION
COMMON STOCK
ENFORCEMENT
ROBERT PAPALIA
MAHONY
INSTITUTING
ALLEGES
PENDING
CIVIL INJUNCTIVE ACTION
REQUEST
FINDINGS
Initial Decision of an SEC Administrative Law Judge

Nano World Projects Corporation

                                         INITIAL DECISION RELEASE NO. 228
                                                ADMINISTRATIVE PROCEEDING
                                                         FILE NO. 3-11066

                          UNITED STATES OF AMERICA
                                 Before the
                     SECURITIES AND EXCHANGE COMMISSION
     _________________________________________________________________

   In the Matter of

   NANO WORLD PROJECTS
   CORPORATION
     _________________________________________________________________

   INITIAL DECISION

   May 20, 2003

   APPEARANCES Leslie Hughes for the Division of Enforcement, Securities
   and Exchange Commission

   Robert Papalia, Chairman and Chief Executive Officer, for Respondent
   Nano World Projects Corporation
   BEFORE Robert G. Mahony, Administrative Law Judge

                                INTRODUCTION

   The Securities and Exchange Commission (Commission) instituted this
   proceeding, pursuant to Section 12(j) of the Securities Exchange Act
   of 1934 (Exchange Act), on March 17, 2003, to determine whether the
   registration of the securities of Nano World Projects Corporation
   (Nano World or Respondent) should be suspended or revoked. The Order
   Instituting Proceedings (OIP) alleges that Respondent failed to comply
   with Sections 10(b) and 13(a) of the Exchange Act and Rules 10b-5,
   12b-20, 13a-1, 13a-11, and 13a-13.

   On April 18, 2003, the Division of Enforcement (Division) filed a
   Motion for Default because Nano World had failed to file an Answer. I
   issued an Order on April 29, 2003, for Nano World to show cause why it
   should not be held in default.

   Nano World filed its Answer on May 8, 2003, and a Motion to Set Aside
   Order of Default and Stay of the Administrative Proceeding pending the
SNIPPETS:
  • Initial Decision of an SEC Administrative Law Judge
  • Nano World Projects Corporation
  • APPEARANCES Leslie Hughes for the Division of Enforcement, Securities and Exchange Commission
  • Robert Papalia, Chairman and Chief Executive Officer, for Respondent Nano World Projects
  • BEFORE Robert G. Mahony, Administrative Law Judge
  • The Securities and Exchange Commission instituted this proceeding, pursuant to Section 12of
  • The Order Instituting Proceedings alleges that Respondent failed to comply with Sections
  • On April 18, 2003, the Division of Enforcement filed a Motion for Default because Nano World
  • Nano World filed its Answer on May 8, 2003, and a Motion to Set Aside Order of Default and
  • The Division filed its response to the motion and also requested that the case be resolved by
  • A telephonic hearing on these motions was held on May 16, 2003, with Respondent represented
  • Nano World's Motion To Stay Action will also be denied because Nano World is not named as a
  • In the Division's Request For Summary Disposition, it seeks revocation of Nano World's common
  • As a result of the foregoing, Nano World failed to comply with Section 13of the Exchange Act
  • Based upon the findings and conclusions set forth above, IT IS ORDERED that The Division's
  • a petition for review of this Initial Decision may be filed within twenty-one days after
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