July 16, 2019
SEC CDO CASE NO. 08-17-045
IN THE MATTER OF CAPITOL HILLS GOLF AND COUNTRY CLUB, INC.
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.
DECISION
This resolves the Urgent motion for Issuance of Cease and Desist Order dated 29 August 2017 filed by the EIPD on 31 August 2017 against Capitol Hills Golf and Country Club, Inc. ("CAPITOL HILLS") on the ground that the latter is continuing its business despite the pendency of its ongoing liquidation proceedings.
THE PARTIES
Movant Appellee EIPD is one of the operating departments of the Securities and Exchange Commission ("Commission") tasked to ensure compliance by all market participants, issuers and individuals, and take appropriate enforcement action against them for infractions of the laws, rules and regulations implemented by the Commission. The same is vested with the primary authority to conduct investigations and administrative actions involving, among others, the selling, offering or transacting unregistered securities by entities without a secondary license, as well as to initiate petitions for revocation of corporate registration except those under the original authority of the Company Registration and Monitoring Department ("CRMD")....
