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SEC ADMINISTRATIVE LAW JUDGE DECISION
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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
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