Re: 10/11/01 - [UREC] UREC defamation lawyer, Gene Kazlow, "permanently barred from practicing law before the SEC"
By: HPOBET $$$$
Reply To: 22460 by usc8452 $$$ Thursday, 11 Oct 2001 at 9:31 PM EDT
Post # of 22463
Here is an article on Gene Kazlow.
"MANHATTAN LAWYER BARRED FROM SEC PRACTICE IN "BLIND POOL" CASE
Gene Kazlow, a lawyer with the New York firm of Kazlow & Kazlow, has agreed to be permanently barred from practicing law before the SEC, as part of a settlement with the Commission of civil charges relating to his role in two "blind pool" securities offerings. Kazlow could not be reached for comment and his attorney declined to comment.
Without admitting or denying the allegations, Kazlow consented to the settlement order that also permanently enjoined him from further violations of the antifraud provisions of the federal securities laws. The case is somewhat unusual because the SEC does not often bring injunctive actions against lawyers, a Commission attorney said. Rep. Edward Markey (D-Mass.) will seek a ban on blank check "blind pool" offerings in a penny stock fraud bill that he plans to introduce soon.
The SEC alleged that Kazlow represented Green Mountain Venture Corp. and Monvert Financial Corp. in the registration of separate "blind pool" offerings in 1986. The firms were fraudulently organized and the stock was manipulated in after-market trading, the SEC charged in its civil lawsuit.
The registration statements identified the officers and directors as the control persons who had provided the issuers with the initial capitalization for Green Mountain's $ 150,000 offering and Monvert's $ 200,000 offering. However, the SEC alleged that Kazlow solicited three friends to become the officers and directors of Green Mountain and persuaded three other individuals to serve in the same roles for Monvert. He assured the six individuals that they would not have to do anything in connection with either the offerings or the operation of the firms, the Commission charged. Kazlow and other undisclosed individuals controlled the issuers and provided the initial capitalization, the SEC's lawsuit said."
Securities Week Copyright 1990 McGraw-Hill, Inc.
March 19, 1990 , Pg. 10
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