Global Leadership Institute Inc fka CEHC

[Renee]

Another company that was Suspended for Financials delinquencies filed ALL delinquent 10Q's and 10K's after the SEC Suspension, and were filed to avoid stock revocation by the SEC Admin Law Judge. Regardless, the SEC Admin Law Judge made an Initial Decision to revoke the stock registration.

http://www.sec.gov/alj/aljdec/2014/id709jeg.pdf

Excerpts: (I'll use XXXX as the ticker symbol....readers can read the entire filing linked above)


XXXX's failure to file timely and complete periodic reports is serious because it violates a central provision of the Exchange Act. The purpose of periodic reporting is “to supply investors with current and accurate financial information about an issuer so that they may make
sound [investment] decisions.” The reporting requirements are the primary tool that Congress fashioned for the protection of investors from negligent, careless, and deliberate misrepresentations in the sale of securities.

XXXX's violations are also recurrent in that it has repeatedly failed to file timely periodic reports, and at the institution of
this proceeding had completely failed to file nine consecutive, overdue periodic reports.

XXXX is culpable because although it knew of its reporting obligations, it did not file a single required Form 12b-25 “disclosing its inability to "timely file the omitted reports" and the reasons therefore. Instead, XXXX repeatedly disregarded its reporting obligations and did not attempt to return to compliance until it was confronted with an enforcement action.

As noted, XXXX's recent filings are deficient. Even if, however, XXXX's recent filings were not materially deficient, the circumstances here would warrant revocation. Even if an issuer has filed all delinquent periodic reports, revocation can be appropriate, particularly when the delinquencies continued for an extended period without adequate explanation.

XXXX has not participated in the proceeding in any manner and has not addressed its purported efforts to remedy its past violations or to make any assurances against further violations.

A sanction other than revocation would reward those issuers who fail to file required periodic reports when due over an extended period of time and make last-minute filings only after becoming the subject of Exchange Act Section 12(j) proceedings in an effort to bring themselves current with their reporting obligations.

For the reasons described above, it is necessary and appropriate for the protection of investors to revoke the registration of each class of XXXX's registered securities.