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SEC News Digest, 07-09-1985

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SEC News Digest, 07-09-1985 ""~B~C new~.~~~lS~'~5t EXCHANGE COMMISt)ION CIVIL PROCEEDINGS SETTLEMENT REACHED BETWEEN SEC AND NEAL R. GROSS AND CO., INC. George G. Kundah1, Executive Director of the Commission, announced that on June 21 a settlement was reached between the Commission and Neal R. Gross and Co., Inc., the Commission's former stenographic reporting contractor. On June 13, 1982, the Commis- sion issued a default against Gross for late and poor quality transcripts. Gross sub- sequently appealed the default to the Armed Services Board of Contract Appeals, and claimed entitlement to excess performance costs in the amount of $706,691.66. Under the terms of the Settlement Agreement, Gross agrees to withdraw its claim for $706,691,661 the default is rescinded and the contract cancelled as of June 13, 19831 Gross agrees not to bid on any Commission contracts for reporting services for 15 years 1 and the Commission agrees to return $25,681 which it had drawn against Gross' performance bond, and $1,062.01 in incorrectly calculated discounts, plus interest on these amounts. (Appeals of Neal R. Gross and Co., Inc., ASBCA NOS. 28776 and 29982, filed October 26, 1983 and September 7, 1984, respectively). (LR-10810) CRIMINAL PROCEEDINGS . CHARLES J. ASCENZI INDICTED The washington Regional Office announced that on June 18 a grand jury in West Palm Beach, Florida named Charles J. Ascenzi of Silverdale, pennsylvania in a two-count indictment alleging wire fraud and the filing of false documents with a bank having deposits insured by the Federal Deposit Insurance Corporation. The indictment alleges that Ascenzi fraudulently obtained $625,000 from the proceeds of an industrial revenue bond issue by the City of West Memphis, Arkansas for the benefit of Maphis Chapman Corporation of Arkansas. It is alleged that Ascenzi, an officer of Maphis Chapman, represented to the bond trustee that Maphis Chapman had purchased $625,000 of manufac- turing equipment and was entitled to reimbursement from the proceeds of the bond issue when in fact no such equipment had been acquired. Ascenzi was enjoined, by consent, in a civil injunctive action brought by the Commission in 1984 relating to the West Memphis bonds. (U.S. v. Charles J. Ascenzi, USDC SDFL, Criminal No. 85-8079-CR-Judge Paine). (LR-10811) INVESTlENT COMPANY ACT .LEASES FEDERATED FUNDS An order has been issued on an application filed by the Federated Funds and their respective investment advisers for an order to permit the Federated Funds, as well as future investment companies which may be advised by subsidiaries or affiliates of Federated Investors, Inc. to deposit their cash balances remaining uninvested at the end of each trading day in a single joint account whose daily balance would be used to enter into one or more repurchase agreements in a total amount equal to the aggre- gate daily balance in the account. (Rel. IC-14619 - July 5) UNITED STATES & FOREIGN SECURITIES CORPORATION An order has been issued declaring that United States & Foreign Securities Corpota- tion has ceased to be an investment company. (Re1. IC-14620 - July 5) c IIOLDINC COMPANY ACT .' 'ASES SOUTHERN COMPANY SERVICES, INC. An order has been issued authorizing a proposal by Southern Company Services, Inc., subsidiary of The Southern Company, to extend its short-term borrowing authority through June 30, 1986. Jurisdiction is reserved over the terms and conditions of sales of unsecured notes to non-affiliated lenders. (Rel. 35-23761 - July 8) APPROVAL OF PROPOSED RULE CHANGES The Commission approved proposed rule changes filed under Rule 19b-4 by The Chicago Board Options Exchange, Inc.: (SR-CBOE-85-13) which provides that first and second month options on the Standard & poor's 100 Index (OEX) will be opened simultaneously with third and fourth month OEX options. (Rel. 34-22215): and (SR-CBOE-85-21) to trade an option on a five-year Treasury note. (Rel. 34-22216) $EeURmES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securi- ties Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security: Title and the number and/or face amount of the securities being offered: Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. S-18 INTERNATIONAL GROUP INC. 2555 M ST NW. STE 300. WASHINGTON. DC 20037 (202' 331-7311 - 40.000.000 1$400.000. COMMON STOCK. 120.000.000 WARRANTS. OPTIONS OR RIGHTS. 120.000.000 (S2.~00.000) COMMON STOCK. (FILE 2-98611-W - JUN. 25) (SR. 12 - NEW ISSUE) S-18 IVERSDN TECHNOlOGY CORP. 6861 ELM ST. MCLEAN. VA 22106 (703) 893-51~9 - 187.500 (Sl.687.5001 COMMON STOCK. 611,500 ($5,551.500' COMMON STOCK. 10.000 C$100) WARRANTS. OPTIONS OR RIGHTS. 10.000 C$756.OO0. COMMON STOCK. (filE Z-98613-W - JlIN. 25) (BR. 9 - NEW ISSUE) S-1 VOLUNTARY HEALTH ENTERPRISES INC. 5215 N OCONNOR RD, IRVING. TX 75039 (214)830-0050 - 10.000.000 ($40.000.000) COMMON STOCK. CFILE 2-98615 - JUN. 25) (8R. 6 - NEW ISSUE) S-1 S8 RECEIVABLES INC. ONE NEW YORk PLZ. NEW YORK, NY 10004 (212) 747-1000 - 110.000.000 (S110.000.000) EQUIPMENT TRUST CERTIFICATES. (FILE 2-98620 - JUN. 261 (BR. 12 - NF.W ISSUE) S-2 APECO CORP. 500 CENTRAL AVE. BOX 8902. NORTHfIELD. IL 60093 (312' 441-7300 - 25.000 (S25.000.000) STRAIGHT BONDS. 325.000 WARRANTS. OPTIONS OR RIGHTS. 325.000 (S8.835.931.50) COMMON STOCk•. (fILE 2-98628 - JUN. 26) CBR. 7) N-IA HERITAGE CASH TRUST. 1~00 66TH ST NORTH. RAYMOND JAMES & ASSOCIATES INC. ST PETERSBURG. FL 33110 (813) 381-3800 - INDEFINITE SHARES. (FILE 2-98635 - JUN. 26) (AR. 11 - NEW ISSue» S-4 MERCA~TILE BANCORPORATION INC. PO BOX 524, ST LOUIS. MO 63166 (3141 425-2525 - 13.000.000 ($8.125.1521 STRAIGHT BONDS. 500,000 ($9.229.2501 COMMON STOCK. (fILE 2-98650 - JUN. 27) (BR. 2) 5-14 KINGfISHER BANCORP INC. POBOX ~19. 12~ S MAIN ST, KINGFISHER. O~ 73750 (405) 315-3121 - 120.000 (S6.055.000) COMMON STOCK. (fILE 2-98651 - JUN. 27) CBR. 1 - NEW ISSUE) S-8 SMITHKLINE BECKMAN CORP. ONE fRANKLIN PLl. PHILADELPHIA. PA 19101 C215) 751-4000 - 450.000 ($29.756.250) COMMON STOCK. (FILE 2-98652 - JUN. 27) (SR. ~) S-3 CINCI~NATI MILACRON INC IDEL/. ~701 MARBURG AVE. CINCINNATI. OH 45209 C513) 8~1~8100 - 75.000.000 C$15.000.000) STRAIGHT BONDS. (FILE 2-98653 - JUN. 27)CeR. U S-3 FORD MOTOR CREDIT CD. THE A"ERICAN RD. DEARBORN, MJ 48121 Ul3. 322-3000 - 1.000.000.000 (SI.000.000.000) STRAIGHT 80NDS. (FILE '2-98651 - JUN. 21) C8R. 121 2 NEWS DIGEST, July 9, 1985 5-3 CORROON & BLACK CORP. WAll 5T PLZ. NEW YORK. NY 10005 (212) 363-4100 - 7.827 (S341.453) COMMON STOCK. (FILE 2-98669 - JUN. 27) (aR. 10) 5-3 AT&E CORP. ONE MARITIME PLZ. SAN FRANCISCO. CA 94111 (415) 433-0430 - 820.834 (S8,003.132) COMMON STOCK. (FILE 2-98671 - JUN. 27) (BR. 7) 5-8 TEXAS AMERICAN BANCSHARfS INC. 500 THROCKMORTON ST. FORT WORTH. TX 76102 (817) 338-8134 - 450.000 (S14.444.709) COMMON STOCK. (FILE 2-98672 - JUN. 28) CaR. 2) S-3 CIGNA CORP. ONE lOGAN SO. PHILAOELPHIA. PA 19103 (215) 557-5000 - 100.000.000 ($100.000.000) EXCHANGE TRADED PUT AND CALL. (FILE 2-98673 - JUN. 28) (8R. 10) S-l AlCO HEALTH SERVICES CORP. P 0 80X 959. VALLEY FORGE. PA 19482 (215) 296-4480- 4.700.000 (S79.900.000) COMMON STOCK. (FILE 2-98674 - JUN. 28) (BR. 4) S-8 TEXTRON INC. 40 WESTMINSTER ST. PROVIDENCE. RI 02903 (401) 421-2800 - 1.000.000 ($4.925.000) COMMON STOCK. (FILE 2-98675 - JUN. 281 (BR. 12) S-3 GANNETT CO INC IDE/. 1100 WILSON BLVD. ARLINGTON. VA 22209 (703) 276-5900 - 100.000.000 (S100.000.000) STRAIGHT BONDS. (FILE 2-98676 - JUN. 28) (eR. 11) S-? JONES INTERCA8lE INC. 5275 DTC PWY. ENGLEWOOD. CO 80111 (303) 740-9700 - 35.000 (S35.000.000) STRAIGHT BONOS. (FILE 2-98678 - JUN. 28) (BR. 7) S-14 WEST 8ANCORP INC. 139 N CASS AVE. WESTMONT. IL 60559 (312) 964-1000 - 115.829 (S5.302.652) COMMON STOCK. (FILE 2-98680 - JUN. 27) (BR. 1 - NEW ISSUE) S-6 HUTTO~ E F TAX EXEMPT TRUST MULTI STATE SERIES 23. ONE BATTERY PARK PLZ. C/O E F HUTTON & CO INC. NEW YORK. NY 10004 - 12.000 (112.360.000) UNIT INVESTMFNT TRUST. (FILE 2-98682 - JUN. 28J (BR. 18 - NEW ISSUE) S-6 HUTTO~ E F TAX EXEMPT TRUST NATIONAL INSURED SERIES 16. ONE BATTERY PARK PLZ. C/O E F HUTTON & CO INC. NEW YORK. NY 10004 - 15.000 ($15,450.000. UNIT INVESTMENT TRUST. (FILE 2-98683 - JUN. 28J (BR. 18 - NEW ISSUEJ S-6 HUTTON E F TAX EXEMPT TRUST NATIONAL SERIES 117. ONE BATTERY PARK PLZ. CIO E F HUTTON t CO INC. NEW YORK. NY 10004 - 15.000 (115.450.000) UNIT tNVfSTMENT TRUST. (FILE 2-98685 - JUN. 28) (BR. 18 - NEW ISSUE) $-6 HUTTO~ E F TAX EXEMPT TRUST CALIFORNIA INSURED SERIES 11. ONE BATTERY PARK PLl. CIO E F HUTTON t CO INC. NEW YORK. NY 1004 - 12.000 ($12.360.0ooJ IINIT J NVE STMENT TRUST. (F JlE 2-98686 - JUN. 28) (8R. 18 - NEW ISSUE t S-8 PACIFIC SCIENTIFIC CO. 1350 S STATE COLLEGE BLVD. ANAHEIM. CA 92813 (714) 535-8141 - 400.000 (S6.000.000) COMMON STOCK.
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