June 4, 2019
SEC CDO CASE NO. 06-19-053
IN THE MATTER OF: ALABEL MAASIM MINING (ALMAMICO) CORP., ALABEL-MAASIM SMALL SCALE MINING COOPERATIVE and/or ALABEL-MAASIM CREDIT COOPERATIVE (ALAMCCO)
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.
CEASE AND DESIST ORDER
Before the Commission En Banc is a Motion for the issuance of a Cease and Desist Order (Motion) filed by the Enforcement and Investor Protection Department (EIPD) of the Commission praying to enjoin ALABEL MAASIM MINING (ALMAMICO) CORP., ALABEL-MAASIM SMALL SCALE MINING COOPERATIVE and/or ALABEL-MAASIM CREDIT COOPERATIVE (ALAMCCO) and its officers, representatives, salesmen, agents and any and all persons claiming and acting for and its behalf, from any unauthorized public solicitation of investments and sale of securities in the form of investment contracts.
Per records of the Commission, ALABEL MAASIM MINING (ALMAMICO) CORP. (herein ALMAMICO Corp.) was issued a Certificate of Incorporation by the Commission on 25 March 2019, with Company Registration No. CS201951230. It is registered as a stock corporation.
The Certificate of Incorporation issued to ALMAMICO Corp. explicitly provides:
"This Certificate grants juridical personality to the corporation but does not authorize it to...
