U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No.17271 / December 13, 2001
SECURITIES AND EXCHANGE COMMISSION v. GOING PLATINUM, INC. AND ALAN H. CATALAN, NO. 01-MC-222 (RK) (E.D. PA)
SEC OBTAINS CONSENT ORDER ENFORCING SUBPOENAS AGAINST GOING PLATINUM, INC. AND ALAN H. CATALAN
On December 10, 2001, the Honorable Robert F. Kelly approved a consent order under which the Securities and Exchange Commission ("Commission") obtained the relief it had sought in a subpoena enforcement action against Respondents Going Platinum, Inc. and Alan H. Catalan. Immediately prior to the December 6, 2001 hearing on the Commission's application the Respondents consented to the entry of an order requiring them to produce responsive documents. The documents relate to the Commission's investigation into whether Going Platinum, Inc. and Catalan have engaged in a fraudulent scheme to sell unregistered securities over the Internet.
The Commission's application to enforce the two subpoenas was filed on November 14, 2001. [SEC v. Going Platinum, Inc. et al., No. 01-MC-222 (RK) (E.D. PA)].