Florida companies face SEC probe

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03/24/2010 51 RESPONSE TO ORDER TO SHOW CAUSE re 48 Order to show cause filed by United States Securities and Exchange Commission. (Polish, Jonathan) (Entered: 03/24/2010)


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PLAINTIFF SECURITIES AND EXCHANGE COMMISSION’S RESPONSE TO RULE TO SHOW CAUSE

In response to the Order issued on March 10, 2010 (Docket No. 48), Plaintiff Securities and Exchange Commission states that defendants Lawrence A. Powalisz and K&L International Enterprises, Inc. have since answered the complaint. (Docket Nos. 49 and 50, respectively.)

Further responding, the Commission resisted moving for a default judgment against these defendants amidst ongoing settlement discussions among and between the parties.

Date: March 24, 2010 Respectfully Submitted,
/s/ Jonathan S. Polish
Securities and Exchange Commission
175 West Jackson Blvd., Suite 900
Chicago, Illinois 60604
Telephone: [phone]
Counsel for Plaintiff Securities and Exchange