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Re: Trueheart post# 32565

Friday, 06/02/2017 4:45:42 PM

Friday, June 02, 2017 4:45:42 PM

Post# of 33904
Well, this may be the reason. Apparently, Malone Bailey doesn't play well with others ...
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 77755 / May 2, 2016
ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 3773 / May 2, 2016
ADMINISTRATIVE PROCEEDING
File No. 3-17240
In the Matter of
MALONEBAILEY, LLP, and
JAY PHILLIP NORRIS, CPA,
Respondents.
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE AND CEASE-ANDDESIST
PROCEEDINGS PURSUANT TO
SECTIONS 4C AND 21C OF THE
SECURITIES EXCHANGE ACT OF 1934
AND RULE 102(e) OF THE
COMMISSION’S RULES OF PRACTICE,
MAKING FINDINGS, AND IMPOSING
REMEDIAL SANCTIONS AND A
CEASE-AND-DESIST ORDER
I.
The Securities and Exchange Commission (“Commission”) deems it appropriate that public
administrative and cease-and-desist proceedings be, and hereby are, instituted against
MaloneBailey, LLP (“MaloneBailey”), and Jay Phillip Norris, CPA (“Norris”) (collectively,
“Respondents”) pursuant to Sections 4C1
and 21C of the Securities Exchange Act of 1934
(“Exchange Act”) and Rule 102(e)(1)(ii) and 102(e)(1)(iii) of the Commission’s Rules of Practice.2

1
Section 4C provides, in relevant part, that:
The Commission may censure any person, or deny, temporarily or permanently,
to any person the privilege of appearing or practicing before the Commission in
any way, if that person is found . . . (1) not to possess the requisite qualifications
to represent others . . . (2) to be lacking in character or integrity, or to have
engaged in unethical or improper professional conduct; or (3) to have willfully
violated, or willfully aided and abetted the violation of, any provision of the
securities laws or the rules and regulations thereunder.


https://www.sec.gov/litigation/admin/2016/34-77755.pdf


“The trouble with Socialism is that eventually you run out of other people’s money” — Margaret Thatcher

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