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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: surelock who wrote (6655)	1/27/1999 3:53:00 PM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 122088

CTRN<------INSDIDER IS A CRIMINAL!!!!!!! UNITED STATES OF AMERICA Before The SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934Release No. 38136 / January 8, 1997 Administrative ProceedingFile No. 3-9178 ------------------------------ : In the Matter of : ORDER OF THE COMMISSION : MAKING FINDINGS AND Peter C. Tosto : IMPOSING REMEDIAL : SANCTIONS : ------------------------------ I. In these proceedings ordered pursuant to Sections 15(b) and 19(h) the Securities Exchange Act of 1934 (Exchange Act),1 Respondent Peter C. Tosto (Tosto), has submitted an Offer of Settlement (Offer), which the Securities and Exchange Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission or in which the Commission is a party, and without admitting or denying the Commission's findings herein, except to admit the jurisdiction of the Commission over him and over the matters set forth herein and the entry against him of a permanent injunction set forth in paragraph II.B., Tosto consents to the entry of this Order Making Findings and Imposing RemedialSanctions. II. On the basis of the Order Instituting Public Administrative Proceedings and Tosto's Offer, the Commission finds that:2 A. From 1984 through 1990, Tosto was associated with various broker-dealers. 1 The Order Instituting Public Administrative Proceedings in this matter was issued on October 31, 1996. 2 The findings herein are made pursuant to Tosto's Offer of Settlement and are not binding on any other person or entity named as a respondent in this or any other proceeding. ==========================================START OF PAGE 2====== B. Tosto has been permanently enjoined, by his consent, by the United States District Court for the District of Colorado from future violations of the securities registration provisions of Section 5(a) and (c) of the Securities Act of 1933 (Securities Act), the anti-fraud provisions of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5, promulgated thereunder, and the broker-dealer registration provisions of Section 15(a)(1) of the Exchange Act in an action styled Securities and Exchange Commission v. Balance for Life, Inc., et al., No. 95-D-2471 (D. Colo., Judgment entered July 1,1996). C. In the amended complaint in the civil injunctive action referenced above, the Commission alleged, among other things, that from approximately July 1991 until December 1992 Tosto operated a broker-dealer, which was not registered with the Commission, that he offered and sold unregistered securities of Balance for Life, Inc., and that during his offers and sales he made false statements that Balance for Life stock would soon be publicly trading on Nasdaq at substantial price increases when he had no reasonable basis for his statements. III. In view of the foregoing, the Commission finds that it is in the public interest to impose the sanctions specified in theOffer of Settlement. Accordingly, IT IS ORDERED that Tosto be barred from association with any broker, dealer, municipal securities dealer, investment company or investment adviser. For the Commission, by its Secretary, pursuant to delegatedauthority. Jonathan G. Katz Secretary I have read it!