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To: scion who wrote (2849)11/4/2010 6:57:09 PM
From: scionRespond to of 53574
 
Administrative Proceeding: Joseph I. Emas: ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO RULE 102(e) OF THE COMMISSION S RULES OF PRACTICE, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS
Release No. 34-61386; File No. 3-13757; Date: 2010-01-20.

sec.gov

ENFORCEMENT PROCEEDINGS - In the Matter of Joseph I. Emas

Posted on: Wed, 20 Jan 2010 17:12:58 EST
Symbols: WHAIQ

Jan 20, 2010 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) --

On Jan. 20, 2010, the Commission issued an Order Instituting Administrative Proceedings Pursuant to Rule 102(e) of the Commission's Rules of Practice, Making Findings, and Imposing Remedial Sanctions (Order) against Joseph I. Emas. The Order finds that Emas was permanently enjoined, by consent, from future violations of Sections 5(a), 5(c), 17(a)(2) and 17(a) (3) of the Securities Act of 1933. The Order is based on a Final Judgment entered against him on Jan. 4, 2010, in the United States District Court for the Western District of Pennsylvania, in a civil action entitled Securities and Exchange Commission v. Richard E. McDonald, et al., Civil Action No. 09-CV-1685.

The Order finds that from April 2004 until August 2005, Emas was the outside securities counsel to World Health Alternatives, Inc., a medical staffing business with its principal place of business in Pittsburgh, Pennsylvania. Emas is an attorney licensed to practice law in Florida, New York, and New Jersey. The Order also finds that the Commission's complaint alleged that Emas drafted and filed two post-effective amendments and a supporting legal opinion that he knew or should have known contained false statements concerning the registration of millions of shares of World Health stock; and sold World Health securities when no registration statement was filed or in effect and no exemption from registration applied.

Based on the above, the Order suspends Emas from appearing or practicing before the Commission as an attorney, with the right to apply for reinstatement after two years from the date of the Order. Emas consented to the issuance of the Order without admitting or denying any of the findings in the Order except as to the entry of the Final Judgment, which he admitted. (Rel. 34-61386; File No. 3-13757)

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