This is probably not the best of news but here goes. From the recent SEC sweep:
PROCEEDINGS INSTITUTED AGAINST DONALD BAILLARGEON, INDIVIDUALLY AND
DOING BUSINESS AS EMERGING COMPANY REPORT
On October 27, the Commission instituted cease and desist
proceedings against a Los Angeles, California publicist for
distributing information about more than fifty issuers without
disclosing the compensation he received. The Commission found that
Donald A. Baillargeon (Baillargeon) publicized companies through the
cable television program "Emerging Company Report," the "Emerging
Company Report" monthly newsletter, and the "Emerging Company
Report" Internet website. It further found that, from at least May
1997 through September 1998, Baillargeon received compensation
ranging from $2,500 to $17,000 for the guest appearance packages he
sold and also received stock from two companies he publicized. In
violation of Section 17(b) of the Securities Act of 1933,
Baillargeon did not disclose the amount of compensation he received
or the fact that he had received stock as compensation for his
services.
Baillargeon, individually and doing business as "Emerging Company
Report," consented to an Order making findings and imposing a cease
and desist order without admitting or denying the Commission's
findings. The Order prohibits Baillargeon from further violations
of Section 17(b). (Rel. 33-7597; File No. 3-9764) |
