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Re: Stock post# 1259

Tuesday, 06/26/2007 8:04:23 AM

Tuesday, June 26, 2007 8:04:23 AM

Post# of 1649
34-55952 Jun. 25, 2007 Weiss Research, Inc., Martin Weiss, and Lawrence Edelson
http://www.sec.gov/litigation/admin/2007/34-55952.pdf

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 55952 / June 25, 2007
Administrative Proceeding
File No. 3-12341
____________________________________
: ORDER GRANTING
In the Matter of : EXTENSION OF TIME TO FILE
: PROPOSED PLAN OF
WEISS RESEARCH, INC., : DISTRIBUTION, APPROVING
MARTIN WEISS, AND : PLAN ADMINISTRATOR,
LAWRENCE EDELSON : AND APPROVING
: ADMINISTRATOR BOND
Respondents. :
____________________________________:
The Division of Enforcement (“Division”) has filed a motion requesting an extension of time, until June 30, 2007, to file a proposed distribution plan under Rule 1101(a) of the Commission’s Rules on Fair Fund and Disgorgement Plans. The Division’s motion also seeks approval of the appointment of Raul Garcia as administrator of the proposed plan of distribution, and approval of Raul Garcia’s bond in the amount of $2,200,000.
In its motion, the Division states that since the Commission’s October 27, 2006 Order Granting Motion for Extension of Time to File Distribution Plan, unexpected delays were encountered in securing a surety bond for the proposed distribution administrator. The Division further states that it located a cost effective and experienced distribution administrator and that an administrator bond has been secured in the full amount of the Weiss Research distribution fund.
For good cause shown, IT IS HEREBY ORDERED that the Division’s request for an extension of time is granted. Furthermore, IT IS HEREBY ORDERED that the Division’s request for approval of the appointment of Raul Garcia as administrator and for approval of the administrator bond in the amount of $2,200,000 is granted.
For the Commission.
Nancy M. Morris
Secretary

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