Securities & Exchange Commission v. International Heritage, Inc.

MEMORANDUM OPINION AND ORDER

STORY, District Judge.

Pursuant to Sections 20(b) and 20(d) of the Securities Act and Sections 21(d) and 21(e) of the Securities Exchange Act, the Securities and Exchange Commission brought this action for injunctive and other equitable relief, alleging, various violations of the securities laws. This case is before the Court on the Commission’s Motion for Preliminary Injunction. After conducting a hearing and reviewing the entire record, this Court enters the following Order.

I. FINDINGS OF FACT

On March 16,1998, the Commission sought and obtained a temporary…