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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. 50581 / October 22, 2004

Admin. Proc. File No. 3-11594


In the Matter of

PLATINUM INVESTMENT CORPORATION, ANDREW ANTONUCCI, and MATHEW BEAULIEU,



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ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTIONS BY DEFAULT

The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on August 23, 2004, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act). The OIP was served on: Respondent Platinum Investment Corporation (Platinum) on or about August 26, 2004; Respondent Mathew Beaulieu (Beaulieu) on September 18, 2004; and Respondent Andrew Antonucci (Antonucci) on September 25, 2004. All Respondents' Answers were due, at the latest, by October 15, 2004. See 17 C.F.R. 201.220(b); OIP at 2. No Respondent has filed an Answer and, therefore, Respondents are in default. See 17 C.F.R. 201.155(a), .220(f).

As authorized by Rule 155(a) of the Commission's Rules of Practice, 17 C.F.R. 201.155(a), I find the following allegations in the OIP to be true:

Platinum has been a registered broker-dealer pursuant to Section 15(b) of the Exchange Act since April 2001. Platinum was incorporated under the laws of the State of Nevada on August 30, 2000, and had its principal place of business in Rochester, New York. Platinum maintained offices in Rochester, New York, Fort Lauderdale, Florida, and New York, New York.

From approximately July 2001 through July 2002, Antonucci was a registered representative associated with Platinum. Antonucci holds Series 4, 7, 24, and 63 securities licenses. From approximately July 2001 through July 2002, Beaulieu was a registered representative associated with Platinum. Beaulieu holds Series 7, 24, and 63 securities licenses.

On July 31, 2002, the Commission filed a complaint (Complaint) against Platinum, Antonucci, Beaulieu, and others (SEC v. Platinum Investment Corporation, 02 Civ. 6093 S.D.N.Y. (JSR)) alleging, among other things, that from approximately August 2001 through July 2002, Platinum, Antonucci, Beaulieu, and others raised over $1.5 million through fraudulent unregistered stock offerings conducted through Platinum. The Complaint also alleges that Platinum, Antonucci, Beaulieu, and others defrauded investors by making material misrepresentations with respect to the securities involved in the offerings. The Complaint further alleges that Platinum has been a registered broker-dealer pursuant to Section 15(b) of the Exchange Act since April 2001, and that Antonucci holds Series 4, 7, 24, and 63 securities licenses and that Beaulieu holds Series 7, 24, and 63 securities licenses.

On August 12, 2002, the United States District Court for the Southern District of New York filed a Partial Final Consent Judgment as to Platinum, and on October 15, 2002, filed Partial Final Consent Judgments as to Antonucci and Beaulieu (Partial Judgments). The Partial Judgments entered against the Respondents, among other things, permanently enjoined them from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. Platinum, Antonucci, and Beaulieu consented to the entry of the Partial Judgments without admitting or denying the allegations in the Complaint, except as to jurisdiction.

In view of the foregoing, I find that it is in the public interest to bar Antonucci and Beaulieu from association with any broker or dealer and to revoke the registration of Platinum as a broker or dealer.

ORDER

IT IS ORDERED that, pursuant to Section 15(b) of the Securities Exchange Act of 1934, Andrew Antonucci is hereby BARRED from association with any broker or dealer;

IT IS FURTHER ORDERED that, pursuant to Section 15(b) of the Securities Exchange Act of 1934, Mathew Beaulieu is hereby BARRED from association with any broker or dealer; and

IT IS FURTHER ORDERED that, pursuant to Section 15(b) of the Securities Exchange Act of 1934, the registration of Platinum Investment Corporation as a broker or dealer is hereby REVOKED.

_______________________________
Robert G. Mahony
Administrative Law Judge


http://www.sec.gov/litigation/admin/34-50581.htm


Modified: 10/22/2004