More concerning Woll from today's SEC Digest:
COMMISSION SETTLES PUBLIC ADMINISTRATIVE PROCEEDINGS AGAINST HERBERT WOLL
On September 22, the Commission instituted and simultaneously settled public administrative proceedings, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 102(e) of the Commission's Rules of Practice, against Herbert Woll, C.P.A. (Woll). The order instituting the proceedings (Order) bars Woll from (i) participating in any offering of penny stock, and (ii) appearing or practicing before the Commission as an accountant. The Commission's Order finds that between 1996 and 1997, Woll practiced before the Commission as an accountant. The Order further finds that on September 13 the U.S. District Court for the Eastern District of Tennessee permanently enjoined Woll, by consent, from further violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The permanent injunction followed a civil action initiated by a complaint filed by the Commission on September 23, 1998, alleging that Woll, a certified public accountant, prepared fraudulent financial documents for Genesis International Financial Services, Inc. (Genesis). The complaint further alleged that Genesis used the fraudulent documents prepared by Woll in Commission filings and the company's press releases in order to promote and sell its stock. (Rel. 34-41894; AAE Rel. 1159; File No. 3-10020)
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