SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: telephonics who wrote (13083)	6/1/2000 3:51:00 PM
From: Arcane Lore	Read Replies (1) of 13351

From today's SEC Digest: IN THE MATTER OF SYSTEMS OF EXCELLENCE, INC. On May 30, 2000, Administrative Law Judge Lillian A. McEwen issued an Order Making Findings and Imposing Remedial Sanctions by Default (Default Order) against Systems of Excellence, Inc. (SOE), a Florida corporation, with offices in McLean, Virginia and Coral Gables, Florida. The Order Instituting Proceedings (OIP) alleged, among other things, that SOE filed several materially false and misleading documents with the Securities and Exchange Commission, including eleven materially false and misleading Forms S-8 in December, 1995 and sixteen materially false and misleading Forms S-8 in October, 1996. The Default Order sustains the charges in their entirety based on SOE's failure to answer the OIP, its failure to respond to an Order to Show Cause, and for failure to otherwise defend itself in the proceeding. The Order finds it is necessary and appropriate for the protection of investors to revoke SOE's registration of its common stock, pursuant to Section 12(j) of the Securities Exchange Act of 1934. (Rel. 34-42855; File No. 3-10170) sec.gov

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