UNITED STATES OF AMERICA
In the Matter of
ALAN S. LIPSTEIN,
|ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS|
The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934 ("Exchange Act") be, and they hereby are, instituted against Alan S. Lipstein ("Lipstein" or "Respondent").
In anticipation of the institution of these administrative proceedings, Respondent has submitted an Offer of Settlement ("Offers"), which 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 in which the Commission is a party, prior to a hearing pursuant to the Commission's Rules of Practice, 17 C.F.R. § 201.100 et seq., and without admitting or denying the findings herein, except that Respondent admits the entry of the injunction set forth in paragraph III.3 and the jurisdiction of the Commission over him and over the subject matter of this proceeding, Respondent consents to the issuance by the Commission of this Order Instituting Public Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions ("Order").
On the basis of this Order and Respondent's Offer, the Commission makes the following findings:
Based on the foregoing, the Commission deems it appropriate and in the public interest to accept Respondent's Offer and accordingly,
IT IS HEREBY ORDERED, pursuant to Section 15(b)(6) of the Exchange Act, that Lipstein be, and hereby is, barred from participating in an offering of a penny stock, including acting as a promoter, finder, consultant, agent, or other person who engages in activities with a broker, dealer, or issuer for purposes of the issuance or trading in any penny stock; or inducing or attempting to induce the purchase or sale of any penny stock.
By the Commission.
Jonathan G. Katz
|Home | Previous Page||