U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

Before the

Securities Exchange Act of 1934
Release No. 50440 / September 24, 2004

Admin. Proc. File No. 3-11684

In the Matter of Donald L. Knight

The United States Securities and Exchange Commission (Commission) announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Exchange Act of 1934 against Donald L. Knight (Respondent or Knight). In the Order the Division of Enforcement alleges that on August 21, 2001, in SEC v. Broadband Wireless International Corp., et at., the Court entered a Judgment by Default permanently enjoining Knight from violating Sections 5(a), 5(c), and 17(a) of the Securities Act and Sections 10(b) and 13(d) of the Exchange Act and Rules 10b-5, 13d-1 and 13d-2 thereunder, and from aiding and abetting violations of Section 14(a) of the Exchange Act and Rules 14a-3, 14a-6 and 14a-9. Knight is currently a resident of Alajuela, Costa Rica.

A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide the Respondent an opportunity to dispute these allegations, and to determine whether, pursuant to Section 15(b) of the Exchange Act, it is appropriate and in the public interest to bar Respondent from participating in any offering of penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock; or inducing or attempting to induce the purchase or sale of any penny stock.

The Order directed the Administrative Law Judge to issue an initial decision within 210 days from the date of service of the Order.

See also the Order in this matter


Modified: 09/24/2004