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Microcap & Penny Stocks : TGSK - Great White Marine & Recreation, Inc.

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To: zonkie who wrote (14)10/1/1999 4:54:00 PM
From: zonkie   of 17
 
10/1/99.....SEC digest
_______________________

CIVIL INJUNCTIVE ACTION SETTLED, AND PUBLIC ADMINISTRATIVE PROCEEDINGS
INSTITUTED AND SETTLED AGAINST JEFFREY BROMMER

The Commission today announced that Jeffrey Brommer (Brommer) agreed
to settle the civil action against him by consenting to the entry of
an order of permanent injunction enjoining him from violations of
the antifraud provisions of the federal securities laws. The
Commission also announced the institution and simultaneous
settlement of public administrative proceedings against Brommer.
The Commission's complaint alleged that in February 1998, and in
July 1998, Brommer, a registered investment adviser, published
glowing reports in Market $avvy, his investment newsletter, about
Great White Marine and Recreation, Inc. (Great White) encouraging
investors to purchase the company's stock. During this same time
period, Brommer received Great White common stock as compensation
for performing investor relations functions for the company. While
recommending the purchase of Great White to investors in Market
$avvy, Brommer was selling his Great White stock into the market, a
practice known as "scalping." Without admitting or denying the
Commission's findings, Brommer has agreed to the entry of an Order
barring from him from association with any investment adviser, with
the right to reapply for association after 18 months, and to
withdraw his registration as an investment adviser. (Rel. IA-1840;
File No. 3-10062)
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