U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20069 / April 5, 2007
SEC v. Edgar B. Alacan, Case Number 07-1556 (HAA) (D.N.J.)
The Securities and Exchange Commission ("Commission") announced that on April 3, 2007, it applied to the United States District Court for the District of New Jersey for an Order Directing Compliance with an Order of the Commission. The application requests that the Court direct Edgar B. Alacan ("Alacan") to comply with the Commission's July 6, 2004 Order that required, among other things, that Alacan pay a $110,000 civil penalty for willfully violating Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The Commission's application alleges that Alacan has failed to obey the Commission's July 6, 2004 Order because he has not paid the $110,000 civil penalty.
SEC Complaint in this matter