UNITED STATES OF AMERICA
|In the Matter of
PURSUANT TO SECTION 15(b)
OF THE SECURITIES
EXCHANGE ACT OF 1934, MAKING
FINDINGS AND IMPOSING
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Respondent Dominic Scacci (“Scacci” or “Respondent”).
In anticipation of the institution of these proceedings, Scacci has submitted an Offer of Settlement (“Offer”) for the purpose of resolving these proceedings, which Offer the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission or to which the Commission is a party, Respondent, by his Offer, consents to the entry of this Order Instituting Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions (“Order”), admits the jurisdiction of the Commission and, without admitting or denying the findings set forth herein, except with respect to paragraph III.C., below, which is admitted, consents to the entry of the findings and remedial sanctions set forth below.
Accordingly, it is ordered that proceedings pursuant to Section 15(b) of the Exchange Act be, and hereby are, instituted.
On the basis of Respondent’s Offer, the Commission finds that:
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions specified in Respondent’s Offer.
ACCORDINGLY, IT IS ORDERED that Scacci is hereby barred from participation in any offering of a penny stock.
By the Commission.
Jonathan G. Katz
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