AND THEN, OCTOBER 1976——-
COURT ENFORCEMENT ACTIONS
BLAIOON MUTUAL INVESTORS CORPORATION
The Seattle Regional Office announced that a decree of permanent injunction was
issued on October 11 by the Honorable Donald S. Voorhees, Judge, U.S. District Court,
Western District of Washington at Seattle, against Blaine D. Sampson of Seattle,
enjoining him from violations of the registration, antifraud and reporting provisions
of the securities laws. The defendant consented to the entrance of the permanent
injunction without admitting or denying the allegations of the complaint.
The complaint filed on February 5 alleged violations of the registration, antifraud
and reporting provisions of the securities laws stemming from the sale of unregistered
shares of common stock of Blaidon Mutual Investors Corp., limited partnership interests
in 27 limited partnerships and promissory notes and evidences of indebtedness. It was
alleged that the defendants sold over four million dollars of such securities to over
one thousand investors in several states while making material misrepresentations and
omissions with respect to the value and marketability of the issuer securities, the
profitability or risk of loss in the investments, the use of proceeds, the financial
condition of the issuer, the quality or quantity of the issuers assets, the financial
benefits received by the defendants, the accuracy or adequacy of financial records
and statements, to name a few. (SEC v. Donald L. Wolfstone, et al., U.S.D.C., W.D.
Wash., C76-90V). (LR-76l6)
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?