Replies to post #16851 on Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Instead he was suspended for 2 years for FRAUD!!!

UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
Accordingly, it is hereby ORDERED, effective immediately, that Emas is suspended from appearing or practicing before the Commission as an attorney. After two years from the date of this Order, Emas has the right to apply for reinstatement.

Emas was also ordered to pay disgorgement of $135,782, together with prejudgment interest of $27,301, and a $15,000 civil monetary penalty.

FRAUD:

The Commission’s complaint alleged that Emas (1) drafted and filed two post-effective amendments and a supporting legal opinion that he knew or should have known contained false statements concerning the registration of millions of shares of World Health stock; and (2) sold World Health securities when no registration statement was filed or in effect and no exemption from registration applied.

http://www.sec.gov/litigation/admin/2010/34-61386.pdf