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U.S. Securities and Exchange Commission

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 48346 / August 14, 2003

ADMINISTRATIVE PROCEEDING
File No. 3-11220


In the Matter of

RANDALL JORDAN

Respondent.


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ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS

I.

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") against Respondent Randall Jordan ("Jordan" or "Respondent").

II.

In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement ("Offer") to the Commission, which the Commission has determined to accept. Solely for the purpose of this proceeding and any other proceeding brought by or on behalf of the Commission, or in which the Commission is a party, and without admitting or denying the findings contained herein, except as to the jurisdiction of the Commission over Respondent and over the subject matter of this proceeding, and as to the entry of a Final Judgment of Permanent Injunction and Other Relief as set forth in Section III.C. below, which are admitted by Respondent, Respondent consents to the entry 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"), as set forth below.

III.

On the basis of this Order and the Offer submitted by Respondent, the Commission finds that:

A. Randall Jordan, age 47, is a resident of Jupiter, Florida.

B. Between approximately February and July 2000, Jordan participated in an offering of common stock of eComprar Network, Inc. ("eComprar"), which was a penny stock.

C. On September 26, 2002, the United States District Court for the Middle District of Florida, without making any findings of fact or conclusions of law, entered a judgment against Jordan in a civil injunctive action entitled Securities and Exchange Commission v. Randall Jordan, et al., Civil Action No. 02-14222-CIV-MOORE. The judgment, among other things, permanently enjoins Jordan from violating Section 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Jordan consented to the entry of the judgment without admitting or denying any of the allegations contained in the Commission's complaint, except as to jurisdiction and venue.

D. The Commission's complaint in that action alleged, among other things, that Jordan and others violated Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder in connection with the dissemination of false and misleading information regarding the stock of eComprar. The complaint further alleged that at the time of the dissemination of that information, Jordan profited from the sale of eComprar stock.

IV.

Based on 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 pursuant to Section 15(b) of the Exchange Act:

Respondent Randall Jordan be, and hereby is, barred from participating in any 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
Secretary

 

http://www.sec.gov/litigation/admin/34-48346.htm


Modified: 08/15/2003