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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (1893)	8/28/2000 11:06:19 PM
From: ThirdEye	Respond to of 2211

Strike two? SEC WANTS TO SUSPEND PRESTON LANGLEY! Preston Langley Asset Management, Inc. f/k/a Lexington Capital Corporation (CRD # 35733) - Notice of Intent to Suspend Broker-dealer Registration, to Fine and to Condition Securities Activities Issued On October 8, 1999, the Banking Commissioner issued a Notice of Intent to Suspend Registration as Broker-dealer; Notice of Intent to Impose Conditions on Securities Activities of Broker-dealer; and Notice of Intent to Fine with respect to Preston Langley Asset Management, Inc. (Docket No. NSCF-99-5162-S). The firm, formerly known as Lexington Capital Corporation, is located at 48 West 38th Street, 7th Floor, New York, New York. In issuing the Notices, the Commissioner claimed that from at least July 1997, the firm had employed at least two unregistered agents in violation of Section 36b-6(b) of the Connecticut Uniform Securities Act; failed to apprise the department of a net capital deficiency occurring between October 1997 and April 1998; and failed to reasonably supervise its agents in a manner designed to prevent noncompliance with applicable securities laws and regulations. The respondent was afforded an opportunity for a hearing on the Commissioner's allegations. state.ct.us