OCR Text |
Show May 26, 1969 Securities Act injunction U.S. District Court Judge A. Sherman Christensen has signed orders of permanent Injunction against several Utahns prohibiting violations of certain sections of the Securities Acts of 1933 and 1934. Persons enjoined In connection with the sale of stock of Top Notch Uranium and Mining Corp. were John W. Taylor, Robert S. Jenson, Edna Montanl, Sharon A. Todd and Charles N. Pierson, all of Salt Lake City,' and Gary L. Barton, Woods Cross. An order of preliminary Injunction was Issued In the same case May 14 against Frank M. Whitney and Donald D. Glenn, Salt Lake City, enjoining them from violating the security registration requirements and antifraud provisions of the two acts. In addition to the above' named defendants, the Securities and Exchange Commission Is seeking an Injunction from an alleged violation of the registration provisions of the 1933 act only against K. Ralph Bowman and Richard E. Whitney, both of Salt Lake City, and Barraco and Co., a Salt Lake City broker-deal- er firm. In a previous article It was stated that Barraco and Co. was alleged to have violated provisions of the 1934 act, which Is Incorrect. The commission Is seeking to enjoin the firm from allegedly violating certain sections of the 1933 act only. In a Salt Lake Deseret News article it was stated the commission alleged Barraco and Co. failed to file a registration statement with the commission. This is incorrect. It was not alleged Barraco and Co. failed to file a registration statement, but it was alleged that a registration statement was not filed with respect to Top Notch Uranium Co. stock. Richard M. Nixon. OKeefe, general manager of Utah Copper Division, Kennecott Copper Corp., will have charge of the program In Salt Lake, south Davis and Tooele countiesl The purpose of the program Is to find jobs In Industry for the disadvantaged. It also has the assignment of helping students Barraco company was alleged to have employed a device, scheme or artifice to defraud the purchasers1 of Top Notch securities, which was incorrect. An order of preliminary gram operates on the principle of hire first then give on-the-- job training and remedial coun- seling. Kennecott recently was commended by the government for its policy of providing jobs for minority grouns. In other cities vr INVESTMENT SECURITIES Members Salt Lake Stock Exchange INVEST WITH OUR MARKET SPECIALISTS Vegas 1721 E. Charleston Phone: Provo BIvcL Salt Lake City 2000 Univ. Bldg. 1 Phone: 364-197- J. P. O'Keefe 163 N. Univ. Ave. Phone: 384-299- 5 374-825- mentioned in this column Alex and Hilde-garKostuk of Idyllwild, California who own a family mine near Butte, Montana. We said that Alex, who is a cartoonist who spends his summers working their Cascade Mining Co. mine, had promised to keep us posted on the progress of their progress toward forming a public corporation and raising needed capital on de Over-the-Coun- ter market. The first report arrived last week. What delayed our writing sooner was my stay in a hospital the last two weeks for examinations already I am getting hypertension! writes Alex. Alexs letter starts out with the state- the wheels of legal eagles are grinding away and closes with the fact their attorney had just called to announce their corporation has received. approval... so we will be in Salt Lake within a week or two to give you first hand information ment that on the road. and Company,Inc Las recall a few weeks ago we at a dinner date and to start the show Weston OVER-THE-COUNT-ER You may the' Commenting on the JOBS plan for Utah, OKeefe said, This first move is to quickly organize the businessmen of our local communities to meet the challenge presented by underprivileged and disadvantaged citizenry in the midst of affluence. Government cant do the job without business leadership. We are confident that the Salt Lake business community will equal and surpass the results attained . By Chuck Hayward In- junction was Issued May 14 enjoining E.H. Coltharp and Co., a Salt Lake City stock broker-deale- r, from violating sections of the 1933 act, the registration provisions only. A hearing began May 7 on the commissions case for a permanent injunction, but was continued until July 28. find summer employment. According to the Utah Department of Employment Security, there are 12,460 disadvantaged persons who are employable in the three -- county area. The pro- i n few The same article stated the OKeefe named to JOBS post The appointment of J.p. OKeefe as metropolitan chairman for the National Alliance of Businessmen (JOBS) In Utah, was chuckin' 7 136 E. South Temple Our expanding middle may force us to pass up the dinner (Oh well, we can always get back on that diet later) but we do intend to shackle Alex to our drawing board until we get a couple of cartoons for the Journal. The rest of Alexs letter deals with a persistent problem to which we HOPE we have the solution mail delivery. (Who are we kidding? Washington, with all of its money and manpower hasnt been able to solve the problems of the post office, but at least well have done our best. We asked Alex to report on the delivery time of the Journal through the mails, and he gave the following report: "... issue number 6 was delivered eight days after publication date, issue number 8 arrived four days after publication date and issue number 7 arrived a day after issue number 8. As of the present delivery is sporadic, however your paper is such a needed item in this business that we ahppily overlook the hazards of' delivery and anxiously await the follow- ing issues. We would like to report to Alex and our other annual subscribers that we have gone to First Class mail delivery for our subscription list and expect to have Monday delivery for even our Honolulu, Hawaii and Yoder, Wyoming subscribers. The expense is considerabbly more, but we feel that one incentive for someone to plunk down $10 for a years subscription to the Journal is to get prompt reports on OTC quotes, and information on Intermountain mining and oil activity. Thats what we try to provide on our pages. Now if the Post Office will just cooperate in zipping it out to you... |