S.E.C. Issues Official Cease and Desist Against Beaumont Financing Authority
Summary of S.E.C. Orders Against Beaumont Financing Authority, Alan Kapanicas, O’Conner Securities, & Anthony Wetherbee
The Securities and Exchange Commission has Released three separate Orders regarding the City of Beaumont’s $300 Million Bond Fraud Scam. Below are Summaries of each Order. Because of Violations of Federal Laws; Indictments will be Issued by the Federal Attorney General’s Office.
Beaumont Finance Authority Sanctions and a Cease and Desist Order: https://www.sec.gov/litigation/admin/2017/33-10406.pdf
The City of Beaumont has been locked out of the Bond Market for over a year. This is an Official Order for the Beaumont Financing Authority to “Cease and Desist From Committing or Causing any Violations and any Future Violations”. The S.E.C. has given the City an opportunity to comply, but that’s …