Micro Imaging Technology Inc (MMTC)

[Top Penny]

THE TRUTH ABOUT MR. NUNEZ

MMTC - Mr. Nunez was suspended for six months, here is the proof. Of course I am able to provide the proof as usual. Mr. Nunez is not prohibited from doing business with anyone as we all already knew...

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3. The Commission’s Complaint alleged that, during the Spring and Summer of 2000, Respondent participated in an unregistered distribution of securities in violation of Sections 5(a) and 5(c) of the Securities Act. The distribution occurred in connection with a reverse merger of a privately-held company into an existing publicly-held shell and the subsequent sale of hundreds of thousands of shares of the company to the public in transactions that were not registered with the Commission as Section 5 of the Securities Act requires. Respondent attended meetings where fundraising for the public company was discussed and at which he learned about the reverse merger and the plan to distribute the shares to the public. Respondent then acted as the securities broker for a brokerage account used as a depository for many of the shares that he, in turn, sold to several of his customers in unregistered transactions.
4. Respondent undertakes to provide the Commission, within ten days after the end of his six-month suspension period described below, an affidavit that he has fully complied with the sanction imposed in paragraph IV.A, below.

In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanction agreed to in Respondent Nunez’s Offer.
Accordingly, it is hereby ORDERED:
A. Pursuant to Section 15(b)(6) of the Exchange Act that Respondent Jeffrey G. Nunez be, and hereby is, suspended from association with any broker or dealer for a period of six months, effective on the second Monday following entry of the Order.

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LINK: https://www.sec.gov/litigation/admin/2006/34-54235.pdf

-IMHO