Link To Clare Unregistered Broker Charge V
Post# of 41413
Posted On: 04/19/2016 3:47:44 PM
Link To Clare Unregistered Broker Charge
Violations
32. As a result of the conduct described above, Clare willfully violated Exchange Act Section 15(a), which makes it illegal for a broker or dealer to make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security unless the broker is registered with the Commission or associated with a registered broker-dealer.
https://www.sec.gov/litigation/admin/2016/34-77373.pdf
https://www.sec.gov/litigation/apdocuments/ap-3-17172.xml
Baltia Air Lines and Barry Clare Dispute SEC Charges
JAMAICA, N.Y., March 17, 2016 /PRNewswire/ -- Baltia Air Lines, Inc. (BLTA) announced today that it is greatly disappointed with the SEC's decision to file an order against our Executive Vice President and Director Barry Clare after fully cooperating with the SEC investigation. Mr. Clare has worked tirelessly for our company and on behalf of our loyal shareholders to bring our business plan to fruition. We continue to make progress and will fight on regardless of these charges. We do not believe that Barry Clare has violated any laws, rules or regulations. We intend to defend and support Mr. Clare against the SEC charges vigorously in a public hearing. We are grateful for Mr. Clare's service without which Baltia would not have been able to continue its operations.
https://finance.yahoo.com/news/baltia-air-lin...00045.html
BLTA
Violations
32. As a result of the conduct described above, Clare willfully violated Exchange Act Section 15(a), which makes it illegal for a broker or dealer to make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security unless the broker is registered with the Commission or associated with a registered broker-dealer.
https://www.sec.gov/litigation/admin/2016/34-77373.pdf
https://www.sec.gov/litigation/apdocuments/ap-3-17172.xml
Baltia Air Lines and Barry Clare Dispute SEC Charges
JAMAICA, N.Y., March 17, 2016 /PRNewswire/ -- Baltia Air Lines, Inc. (BLTA) announced today that it is greatly disappointed with the SEC's decision to file an order against our Executive Vice President and Director Barry Clare after fully cooperating with the SEC investigation. Mr. Clare has worked tirelessly for our company and on behalf of our loyal shareholders to bring our business plan to fruition. We continue to make progress and will fight on regardless of these charges. We do not believe that Barry Clare has violated any laws, rules or regulations. We intend to defend and support Mr. Clare against the SEC charges vigorously in a public hearing. We are grateful for Mr. Clare's service without which Baltia would not have been able to continue its operations.
https://finance.yahoo.com/news/baltia-air-lin...00045.html
BLTA
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