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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (24054)	10/4/1999 10:20:00 AM
From: tonto	Read Replies (1) \| Respond to of 26163

Off topic: Not related to individuals posting nor the company. CHARLES LEDFORD BARRED FROM PARTICIPATING IN ANY OFFERING OF PENNY STOCK On September 29, the Commission instituted administrative proceedings against Charles D. Ledford (Ledford), a resident of Hawthorne, Florida. The Commission simultaneously accepted Ledford's Offer of Settlement, providing for an Order barring him from participating in any offering of a penny stock. The Order alleges that on September 23 a final judgment of permanent injunction was entered, by consent, against Ledford, permanently enjoining him from violations of Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder (SEC v. Charles D. Ledford, Civil Action No. 99-CV-27 SPM, ND Fla.). The Commission's civil complaint alleged that Ledford violated the anti-fraud provisions of the Exchange Act when, from March 1995 through 1997, he issued a series of false and misleading press releases designed to attract new investors to ECO2 and artificially inflate the price of ECO2's publicly traded stock, a penny stock within the meaning of the federal securities laws. ECO2 was a development stage company formerly headquartered in Hawthorne, Florida, and established to provide solid waste tire management services to governmental, commercial and industrial entities through sales of a "tire recovery system" that purportedly utilized a pyrolysis process to recycle scrap tires into oil, carbon black, steel and methane gas by-products. (Rel. 34-41941; File No. 3- 10048) ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST BROKERAGE FIRM AND ITS PRESIDENT ALLEGED TO HAVE MANIPULATED THE MARKETS FOR SIX IPOS The Commission has instituted administrative proceedings under Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) against Sterling Foster & Company, Inc. (Sterling Foster), a Long Island, New York broker-dealer registered with the Commission, and its president, Adam Lieberman (Lieberman), a resident of Roslyn, New York. The Order Instituting Proceedings, Making Findings and Imposing Remedial Sanctions (Order) finds that Lieberman and Sterling Foster were enjoined on November 11, 1998, by the United States District Court for the Southern District of New York, on consent, from future violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(c) of the Exchange Act and Rules 10b-3, 10b-5, 10b-6, 15c1-2 and 15c1-8 in connection with allegations that between October 1994 and February 1997, they obtained at least $75 million by manipulating the price of securities of six public companies and using a variety of fraudulent sales practices to sell those securities to retail customers of Sterling Foster at inflated prices. Simultaneously with the institution of these proceedings, the Commission accepted offers of settlement from Lieberman and Sterling Foster, under which Lieberman consented to the issuance of an order barring him from association with any broker-dealer and Sterling Foster consented to the issuance of an order revoking its registration. (Rel. 34-41942; File No. 3-10049)