| | SEC v TPG CAPITAL CORPORATION - Legal Case Documents |
 | | The Commission alleged that, prior to selling certain "blank check" companies that they controlled, Cassidy and TPG Capital made false or misleading statements in documents that were filed with the Commission on behalf of those companies, and that they caused violations of certain books and records provisions of the Exchange Act. |
 | | The transactions arranged by Cassidy and TPG Capital related to an eligibility rule, issued by the NASD in January 1999, which required all companies that displayed their stock quotations on the NASD's over-the-counter bulletin board to file periodic reports, including financial statements, with the Commission by June 2000. |
 | | Without admitting or denying the Commission's findings, TPG Capital and Cassidy consented to the entry of the Order, which required them to cease and desist from violating Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and causing the violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. |
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