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                    [ArticleID] => 244909
                    [Title] => SEC issues CDO versus Citicapital
                    [Summary] => The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against lending firm Citicapital Inc. for selling securities to the public without prior registration.


The issuance of the CDO followed an investigation conducted by the SEC’s Compliance and Enforcement Department (CED) which showed that Citicapital sold preferred shares to more than 19 persons, in violation of the 19-lender rule.


The CED said the shares were sold without prior approval of the company’s registration statement by the SEC.


                    [DatePublished] => 2004-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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CITICAPITAL INC

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            [0] => Array
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                    [ArticleID] => 244909
                    [Title] => SEC issues CDO versus Citicapital
                    [Summary] => The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against lending firm Citicapital Inc. for selling securities to the public without prior registration.


The issuance of the CDO followed an investigation conducted by the SEC’s Compliance and Enforcement Department (CED) which showed that Citicapital sold preferred shares to more than 19 persons, in violation of the 19-lender rule.


The CED said the shares were sold without prior approval of the company’s registration statement by the SEC.


                    [DatePublished] => 2004-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SEC issues CDO versus Citicapital

By Zinnia B. Dela Peña | April 2, 2004 - 12:00am

The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against lending firm Citicapital Inc. for selling securities to the public without prior registration. The issuance of the CDO...

Business