On February 25, the Commission issued an Order Instituting Administrative and Cease-and Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Section 8A of the Securities Act of 1933 and Sections 17A(c) and 21C of the Securities Exchange Act of 1934 (Order) as to Pamela J. Thompson. The Order finds that, in April and May 2005, Thompson prepared false BCIT documents, including counterfeit stock certificates, while knowing she did not have the proper authority. Thompson is a resident of Phoenix, Arizona. During June and July 2005, Thompson received and sold two million shares of fraudulent BCIT stock, earning profits of $7,632. Thompson also acted as the transfer agent of BCIT between April and August 2005 even though she never registered as a transfer agent with the Commission. As a result of the conduct described above, Thompson committed violations of Sections 5(a), 5(c), 17(a)(2) and 17(a)(3) of the Securities Act and willfully violated Section 17A of the Exchange Act and Rule 17Ac2-1 thereunder.
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