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1
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SEC ADMINISTRATIVE LAW JUDGE DECISION
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EXTRACTED KEY WORDS
EXCHANGE ACT VIOLATIONS REPORTS PURSUANT COMMISSION FREEDOM GOLF CORPORATION SECURITIES OIP FUNDS ADMINISTRATIVE LAW JUDGE STOCK OIP ALLEGES ANNUAL REPORT QUARTERLY REPORT PROCEEDING REVIEW PARTY INVESTORS REVOCATION SANCTION PETITION RESPONDENT FREEDOM GOLF MOTION SUMMARY DISPOSITION EARNINGS PROJECTIONS ACCURATE FINANCIAL INFORMATION REVENUE REASON DISCLOSE |
Initial Decision of an SEC Administrative Law Judge
Freedom Golf Corporation
INITIAL DECISION RELEASE NO. 227
ADMINISTRATIVE PROCEEDING
FILE NO. 3-11082
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
_________________________________________________________________
In the Matter of
FREEDOM GOLF CORPORATION
_________________________________________________________________
INITIAL DECISION
May 15, 2003
APPEARANCES Robert K. Levenson for the Division of Enforcement,
Securities and Exchange Commission
Gaylen P. Johnson, President and Chief Executive Officer, for
Respondent Freedom Golf Corporation
BEFORE Carol Fox Foelak, Administrative Law Judge
SUMMARY
This Initial Decision revokes the registration of the stock of Freedom
Golf Corporation, based on its repeated failure to file required
periodic reports with the Commission.
I. INTRODUCTION
A. Procedural Background
The Securities and Exchange Commission (Commission) instituted this
proceeding, pursuant to Section 12(j) of the Securities Exchange Act
of 1934 (Exchange Act), on April 7, 2003, with an Order Instituting
Proceedings (OIP). Pursuant to leave granted by the undersigned and 17
C.F.R. § 201.250, the Division of Enforcement (Division) filed a
Motion for Summary Disposition on May 7, 2003. By unpublished Order of
May 7, the undersigned ordered Respondent Freedom Golf Corporation
(Freedom Golf) to file any response by May 14. Freedom Golf did not
respond. The administrative law judge is required by 17 C.F.R.
SNIPPETS:
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