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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: marianna who wrote (21124)	5/24/1998 2:06:00 PM
From: cool	Read Replies (1) \| Respond to of 34592

FYI PROCEEDINGS INSTITUTED AGAINST CHARLES KIRBY, GENE GEIGER, ALFRED PEEPER AND EDWARD PRICE The Commission announced institution of cease and desist proceedings against Charles F. Kirby, chief trader of Spencer Edwards, Inc., Gene C. Geiger, a registered representative at Spencer Edwards, and Alfred Peeper, a customer of Spencer Edwards. Administrative proceedings were also instituted against Spencer Edwards' president Edward H. Price. The Commission's order alleges that Kirby, Geiger, and Peeper violated the registration provisions of the federal securities laws by selling stock of Golden Eagle International, Inc., to the public when no registration statement was filed or in effect. The order further alleges that Price failed to supervise Kirby and Geiger with a view towards preventing the violations. A hearing will be scheduled to determine whether the allegations are true and, if so, what sanctions, if any, are appropriate and in the public interest, whether a cease and desist order should be issued, and whether disgorgement and civil penalties are appropriate. (Rels. 33-7538; 34-39971; File No. 3-9602) GOLDEN EAGLE INTERNATIONAL, INC., RONALD KNITTLE, MARY ERICKSON, GREGORY VERNON, TIMBERLINE CONSULTANTS, INC. AND PAUL VERNON NAMED AS DEFENDANTS IN MICROCAP FRAUD COMPLAINT The Commission announced that on May 7 it filed a complaint in an action involving fraud by Golden Eagle International, Inc., a Denver, Colorado corporation, two of its officers and other defendants. The complaint alleges that the defendants made false public statements concerning mining properties owned or to be acquired by Golden Eagle. The complaint also alleges that the defendants made false filings with the Commission, that Golden Eagle was delinquent in its Commission filings, and that certain of the defendants engaged in an unregistered distribution of Golden Eagle stock. The Commission's complaint, which seeks injunctive relief, disgorgement and penalties, names as defendants Golden Eagle, Ronald Knittle, its former president, Mary Erickson, a director, and Knittle's wife, Gregory Vernon and Timberline Consultants, Inc., public relations consultants to the company, and Paul Vernon. All the defendants reside in the Denver area. [SEC v. Golden Eagle International, Inc., et al., Civ. Action No. 98-Z-1020, D. Colo.] (LR-15733)