UNITED STATES OF AMERICA
In the Matter of
Adrien Arpel, Inc.,
|ORDER INSTITUTING PROCEEDING, MAKING FINDINGS AND REVOKING REGISTRATION OF COMMON STOCK PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934|
The Securities and Exchange Commission ("Commission") deems it appropriate for the protection of investors that a public administrative proceeding be, and hereby is, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Exchange Act") against Adrien Arpel, Inc. ("Adrien Arpel" or "Respondent").
In anticipation of the institution of this proceeding, Respondent has submitted an Offer of Settlement (the "Offer") 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 to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission's jurisdiction over it and the subject matter of this proceeding, and the findings contained in Section III below, which are admitted, Respondent consents to the entry of this Order Instituting Proceeding, Making Findings and Revoking Registration of Common Stock Pursuant to Section 12(j) of the Securities Exchange Act of 1934 ("Order"), as set forth below.
On the basis of this Order and Respondent's Offer, the Commission finds that:
In view of the foregoing, the Commission deems it appropriate for the protection of investors to impose the sanction specified in Respondent Adrien Arpel's Offer.
ACCORDINGLY, IT IS ORDERED that the registration of the common stock of Adrien Arpel, Inc. be, and hereby is, revoked pursuant to Section 12(j) of the Exchange Act.
By the Commission.
Jonathan G. Katz
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