Replies to post #27412 on Rock Ridge Resources, Inc. (RRRI)

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This is impeccable?
UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 15610 / January 6, 1998

SECURITIES AND EXCHANGE COMMISSION v. KINLAW SECURITIES CORP., et al.,
3:93-CV-2010-T, USDC, ND/TX (Dallas Division)

The Securities and Exchange Commission ("Commission") announced that
Final Judgments of Permanent Injunction and Other Equitable Relief were
entered in United States District Court in Dallas, Texas, against Dyke
Ferrell and Bret L. Boteler on December 18, 1997, and against James B.
Boswell and Cecil E. Glass III on December 23, 1997, enjoining them from
future violations of the federal securities laws. The defendants consented
to the entry of the final judgments without admitting or denying the
allegations contained in the Commission's First Amended Complaint. All the
defendants are former sales representatives of the now defunct Kinlaw
Securities Corporation, a broker dealer formerly registered with the
Commission which offered and sold securities in the form of investment
contracts involving interests in oil and gas drilling ventures.

The Commission's First Amended Complaint alleged that in the offer and
sale of the oil and gas drilling ventures, the defendants made material
misrepresentations and omissions of material fact concerning, among other
things, the risks and expected returns associated with the oil and gas
investments, the costs to drill and complete oil and gas wells, and the
success of prior oil and gas wells, all in violation of Sections 5(a), 5(c)
and 17(a) of the Securities Act of 1933, and Section 10(b) of the
Securities Exchange Act of 1934, and Rule 10b-5 thereunder.

The court also ordered the defendants to pay disgorgement in the
following amounts: 1) Ferrell - $412,500, plus prejudgment interest of
$244,077; 2) Boteler - $297,536 plus prejudgment interest of $185,061; 3)
Boswell - $1,243,000 plus prejudgment interest of $56,564; and 4) Glass -
$1,142,658 plus prejudgment interest of $51,998.

Based on their demonstrated financial inability to pay, the full
disgorgement amounts for Boteler and Glass were waived. Payment of all but
$26,000 of Ferrell's disgorgement amount was waived based on his
demonstrated financial inability to pay the full amount, and payment of all
but $1,628 of Boswell's disgorgement was waived based on his demonstrated
financial inability to pay the full amount. Additionally, the court did not
impose civil penalties against the defendants because of their poor
financial condition.
http://www.sec.gov/litigation/litreleases/lr15610.txt

[paid pumper]

More impeccable credentials:
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION


SECURITIES EXCHANGE ACT OF 1934
Release No. 39533 / January 9, 1998

ADMINISTRATIVE PROCEEDING
File No. 3-9525



:
In the Matter of : ORDER INSTITUTING PROCEEDINGS
: PURSUANT TO SECTIONS 15(b) AND
Bret L. Boteler, : 19(h) OF THE SECURITIES
: EXCHANGE ACT OF 1934, MAKING
Respondent. : FINDINGS AND IMPOSING REMEDIAL
: SANCTIONS
:



I.

The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest to institute public administrative
proceedings pursuant to Sections 15(b)(6) and 19(h)(3) of the Securities
Exchange Act of 1934 ("Exchange Act"), against Bret L. Boteler ("Boteler").

In anticipation of the institution of these proceedings, Boteler has
submitted an Offer of Settlement ("Offer") to the Commission which the
Commission has determined to accept. Solely for the purposes of this
proceeding and any other proceeding brought by or on behalf of the
Commission or in which the Commission is a party, prior to a hearing
pursuant to the Commission's Rules of Practice, 17 C.F.R.  201.100 et
seq., and, without admitting or denying the findings contained herein,
except for the permanent injunction described below and the jurisdiction of
the Commission over him in this matter, which is admitted, Boteler consents
to the institution of public administrative proceedings, and the findings
and remedial sanctions set forth below.

Accordingly, IT IS ORDERED that proceedings pursuant to Sections 15(b)
and 19(h) of the Exchange Act be, and hereby are, instituted.





II.

On the basis of this Order Instituting Proceedings Pursuant to
Sections 15(b) and 19(h) of the Securities Exchange Act of 1934, Making
Findings and Imposing Remedial Sanctions ("Order") and the Offer submitted
by Boteler, the Commission finds that:<(1)>

A. From January 1991 until January 1994, and from September 1994 to
June 1995, Boteler was associated as a registered representative with
Kinlaw Securities Corporation, formerly a broker-dealer registered with the
Commission and formerly a member of the National Association of Securities
Dealers, Inc.

B. On December 18, 1997, Boteler was permanently enjoined from viola-
tions of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and
Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder, by
the United States District Court for the Northern District of Texas (Dallas
Division) [SEC v. Kinlaw Securities Corporation, et al., 3:93-CV-2010-T].
Boteler consented to the entry of the permanent injunction without
admitting or denying any violation of the federal securities laws, as
alleged in the Commission's First Amended Complaint.

C. The Commission's First Amended Complaint in SEC v. Kinlaw
Securities Corporation, et al. alleges that the defendants, including
Boteler, engaged in the offer, purchase and sale of securities in the form
of investment contracts involving interests in oil and gas drilling
ventures in violation of the registration and antifraud provisions of the
federal securities laws. The First Amended Complaint also alleges that in
connection with the offer, purchase and sale of these securities, the
defendants made material misrepresentations and omissions of material fact
concerning, among other things, the risks and expected returns associated
with the oil and gas investments, the costs to drill and complete oil and
gas wells, and the success of prior oil and gas wells.

III.

In view of the foregoing, the Commission deems it appropriate and in
the public interest to impose the sanctions specified by Boteler in his
Offer.









<(1)> The findings herein are made pursuant to the Offer of
Settlement submitted by Boteler and are not binding on
any other person or entity named as a respondent in
this or any other proceeding.

======END OF PAGE 2======





Accordingly, IT IS ORDERED that, effective immediately, Bret L.
Boteler be, and hereby is, barred from association with any broker, dealer,
municipal securities dealer, investment company or investment adviser.

By the Commission.




Jonathan G. Katz
Secretary
www.sec.gov/litigation/admin/3439533.txt