OCR Text |
Show 2monday, SEC 1977 Continued from page I abuse of power which I can neither understand nor condone. Consequently, Sargeant said his office was immediately discontinuing its practice of mailing the SEC copies of all intra-statprospectuses, because I feel that you are e misusing this information and I will not be a party to such tyrannical practices. A couple of attorneys are so incensed that they are considering bringing the matter before the Utah Bar for appropriate action, Sargeant continued. closures in offering circulars, or other sales documents and whether or not there has been compliance with applicable federal securities laws. In essence, Davenports letter reminded Sargeant of his function to communicate to the SEC relevant information to uphold securities law's. Davenport also said the SEC would pay for intra-stat- e offering circulars, since they are public information, if Sargeant is unwilling to provide the feds with complementary copies. He asked Sargeant to bill his office. Concerned with Utah offerings letter read, "this office has been and is presently con- cerned with certain of the offerings being made in the state of Utah, activities of certain broker-dealer- s and others in connection with, among other things, the initial distribution of the securities as well as the after market in such securities, the disclosures contained or lack of dis t Sargeant added that while he notifies the local SEC office of all private place- ments, he understands that one such issuer, Utah-Ohi- o Gas & Oil Company, has filed for injunction in federal court to restrain the SEC from harassment. If we should start to get complaints on this score we might have to consider discontinuance of this practice, Sargeant wrote. Sargeant was not in his office at press time and was unavailable for comment. 10-1- three stories outside the No renderings have been done, he said, since were only in a feasibility state. One possibility calls for razing the annex and parking facilities at present Northwest offices, 315 E. 200 So., and constructing a high rise adjacent to the current struc- downtown area. ture. Though the space need is current, Lazerus said a formal proposal would not be submitted to the Northwest board of directors until its February meeting. asked Davenport why the SEC to coerce an w'as trying issuer to withdraw' a Reg A comas and refile intra-stat- e Registration A filing is an abbreviated securities registration statement.) pany. (A FORMER FASHION FABRICS BLDG. OPEN FOR INSPECTION DAILY 1P.M. TO 5 P.M. agent will be on duty to assist you. The building is located on the belt route and the 21st South freeway, a prime industrial and distribution center (2350 South 2300 West). TOTAL SIZE OF BUILDING SPACE AVAILABLE An 533-055- 6. Second class postage paid -15 in Salt Lake City, Utah, No. 691300 R. George Gregersen Debbie Ostler Circulation Manager at Northwest Energy Corporation has operations director Gary Lazerus looking high and low for undeveloped ground to house 200,000 square feet of office space for the gas pipeline company. We have not concluded what would be the best place to build, Lazerus told the Enterprise. Weve looked at the Salt Lake International Center, Research Park at the University of Utah, several downtown locations and sites in the southeast part of town. Lazerus said the proposed structure would either be a downtown highrise of 2 stories or a complex of two to Sargeants letter also Th National Enterprise is published weekly by the National Enterprise Publishing Company, Inc., 500 Continental Bank Bldg., P.O. Box 11778, Pioneer Station, Salt Lake City. Utah 84147. (801( Copyright C 1977 by National Enterprise Publishing Co. All rights reserved. Ken Bello current space crunch prospectuses upon payment of a fee of 35 cents per page, payable in advance. H Enterprise Production Manager A But Sargeant wasnt satisfied with Davenports reply, and said so in a letter dated Nov. 8. Furthermore, he said he would furnish the SEC with UTAH Alene E. Bentley Editor Space crunch has Northwest hunting for larger quarters Singling out Utah? Within two weeks, Sargeant received a reply from As you are Davenport. possibly aware," the SEC T(-- Fearful that the SEC was singling out Utah in its inquest, Sargeant asked if Utah was the only state in which the agency was pursuing such activities or were the Feds following similar prodecures in other states. Publisher Dean Alsup Sheri Poe Milt Policzer Staff Writers Kristopher R. Passey Creative Director & FOR LEASE O 151,717 O 10 acre 51,000 sq. ft. of warehouse O 37,000 sq. ft. of office space O Todd Curtis Artist James M. Schulz Research Director Will sell building Opinions expressed by columnists herein are not necessarily the opinion or policy of the National Enterprise. Send all submissions to P.O. Box 1 1778, Salt Lake City, Utah 84147 Not responsible for unsolicited manuscripts. ESASE Subscriptions $24 per year 50 cents per copy ph iy.'-'- For further information, call and land, and may take commercial or industrial land in trade as part payment of 531-900- sellers v xr-f-. ... sq. ft. total size site Di-- jf 0 REALTY Ca. LJREALTORS equity. , ISCU LAND Q - your product in front of the boss. of Enterprise readers are professionals, managers, administrators and propriertors. 92 For advertising rates and scheduling call (801)533-0556. The Utah Enterprise Suite 500, Continental Bank Bldg. Salt Lake City, Utah 84101 Demographic Survey, Intermark, Inc., 1977 |