UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 49490 / March 26, 2004
File No. 3-11442
PUBLIC ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ROBERT COURNOYER
The Commission entered an Order Instituting Public Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Order") against Robert Cournoyer. The Order alleges, among other things, that Cournoyer was acting as an unregistered broker-dealer in connection with his sales of GetAnswers, Inc. stock for which he received transaction-based compensation. The Order further alleges that on March 4, 2004, a final judgment was entered by consent against Cournoyer, permanently enjoining him from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a)(1) of the Exchange Act, and Rule 10b-5 thereunder, in the civil action entitled Securities and Exchange Commission v. GetAnswers, Inc., et al., Civil Action No. 03-20048-CIV-KING, in the United States District Court for the Southern District of Florida.
A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Cournoyer an opportunity to dispute these allegations, and to determine what remedial sanctions, if any, are appropriate and in the public interest.
The Order requires the Administrative Law Judge to issue an initial decision no later than 210 days from the date of service of this Order, pursuant to Rule 360(a)(2) of the Commission's Rules of Practice.