2019-05-17 sec-litreleases pdf 94 KB 1,652 chars

SEC v. VALMIE RESOURCES, No. 4:19-cv-1774 (May 17, 2019)

raw: It appears to the Securities and Exchange Commission that there is a lack of current and

It appears to the Securities and Exchange Commission that there is a lack of current and, No. 4:19-cv-1774 (May 17, 2019)

Caption
UNITED STATES OF AMERICA v. Valmie Resources, Inc.
Exhibit of Andrew I. Farmer, Scott R. Sieck, Eddie D. Austin, Jr., Carolyn P. Austin, and John D. Brotherton
Source PDF JSON
summary

Valmie Resources, Inc

paragraph

Valmie Resources, Inc. is accused of lacking current and accurate information in its publicly available registration statements and reports, specifically regarding the identity of controlling individuals and entities offering shares in registered secondary offerings. The alleged fraud involves possible undisclosed current controlling persons since at least March 17, 2015. No specific dollar amounts are mentioned. The charges are not explicitly stated, but the SEC has ordered a suspension of trading in Valmie Resources' securities from May 5, 2017, to May 18, 2017, citing the public interest and protection of investors. The outcome is a temporary suspension of trading.

narrative

Valmie Resources, Inc. is accused of lacking current and accurate information in its publicly available registration statements and reports, specifically regarding the identity of controlling individuals and entities offering shares in registered secondary offerings. The alleged fraud involves possible undisclosed current controlling persons since at least March 17, 2015. No specific dollar amounts are mentioned. The charges are not explicitly stated, but the SEC has ordered a suspension of trading in Valmie Resources' securities from May 5, 2017, to May 18, 2017, citing the public interest and protection of investors. The outcome is a temporary suspension of trading. The SEC suspended trading in Valmie Resources, Inc. (VMRI) from May 5 to May 18, 2017, due to serious concerns over the accuracy and adequacy of its public disclosures since at least March 2015. The Commission identified unresolved questions regarding the true identity of individuals controlling entities that sold Valmie shares in registered offerings and possible undisclosed controlling persons. No specific dollar amounts or fraud charges were cited, but the suspension was based on a lack of reliable, transparent information necessary to protect investors. The action was taken under Section 12(k) of the Securities Exchange Act of 1934 to safeguard the public interest. Valmie, a Nevada corporation based in Houston, TX, had its stock quoted on OTC Link LLC. The SEC suspended trading in Valmie Resources, Inc. (VMRI) from May 5 to May 18, 2017, due to serious concerns over the accuracy and adequacy of its public disclosures since at least March 2015. The Commission identified unresolved questions regarding the true identity of individuals controlling entities that sold Valmie shares in registered offerings and possible undisclosed controlling persons. No specific dollar amounts or fraud charges were cited, but the suspension was based on a lack of transparent, reliable information necessary to protect investors. The company, based in Houston and quoted on OTC Link, failed to provide sufficient disclosures in its registration statements and periodic filings. The action was taken under Section 12(k) of the Securities Exchange Act to safeguard the public interest.

Enriched metadata

Scheme
financial-fraud (87%)
Case No.
4:19-cv-1774
Classified financial-fraud(confidence 87%). EDGAR detection: forms 10-K/10-Q/8-K/NT 10-K· recall 67% / precision 23%. detection rule →
Statutes
Section 12(k) of the Securities Exchange Act
Parties
United States of AmericaValmie Resources, Inc.Valmie Resources
Keywords
securities exchangesecuritiescommissionexchange commissionvalmie resourcesappears securitiescommission therethere lacklack currentexchangecurrentincvalmieresourcessuspension trading

Extracted insights

Entities 4
  • agency Securities and Exchange Commission
  • organization Securities and Exchange Commission
  • person trading suspension
  • company valmie resources, inc.
Triples 32
  • Securities and Exchange Commission appears there is a lack of current and accurate information concerning the securities of Valmie Resources, Inc.
  • Securities and Exchange Commission is of the opinion the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
  • Commission ordered trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT, on May 5, 2017 through 11:59 p.m. EDT on May 18, 2017.
  • Securities and Exchange Commission suspects lack of current and accurate information concerning the securities of Valmie Resources, Inc. due to questions about accuracy and adequacy of publicly available information in registration statements and reports since March 17, 2015
  • Valmie Resources, Inc. has questionable disclosures regarding identity of individuals who control entities offering shares in registered secondary offerings and possible undisclosed controlling persons
  • Securities and Exchange Commission orders suspension of trading in securities of Valmie Resources, Inc. from 9:30 a.m. EDT on May 5, 2017 through 11:59 p.m. EDT on May 18, 2017
  • Valmie Resources, Inc. is a Nevada corporation with principal place of business in Houston, TX
  • Valmie Resources, Inc. has stock quoted on OTC Link LLC operated by OTC Markets Group, Inc. under ticker symbol VMRI
  • Securities and Exchange Commission found lack of current and accurate information concerning securities of Valmie Resources, Inc.
  • Securities and Exchange Commission ordered suspension of trading in securities of Valmie Resources, Inc.
  • Valmie Resources, Inc. filed registration statements, as amended, and periodic and annual reports with the Commission
  • Valmie Resources, Inc. has current principal place of business in Houston, TX
  • Valmie Resources, Inc. trades on OTC Link LLC under ticker symbol VMRI
  • Securities Exchange Act of 1934 authorizes suspension of trading under Section 12(k)
  • trading suspension applies to securities of Valmie Resources, Inc.
  • trading suspension starts 9:30 a.m. EDT on May 5, 2017
  • trading suspension ends 11:59 p.m. EDT on May 18, 2017
  • Valmie Resources, Inc. has questions regarding identity of individuals who control entities offering shares
  • Valmie Resources, Inc. has possible undisclosed current controlling persons
  • Commission determined public interest and protection of investors require suspension
  • Securities and Exchange Commission has questions regarding the accuracy and adequacy of publicly available information
  • Valmie Resources, Inc. has current principal place of business in Houston, TX
  • Valmie Resources, Inc. has stock quoted on OTC Link LLC operated by OTC Markets Group, Inc., under the ticker symbol VMRI
  • The Commission requires a suspension of trading in the securities of the above-listed company
  • The Commission ordered a suspension of trading in the securities of the above-listed company
  • Securities and Exchange Commission appears lack of current and accurate information concerning the securities of Valmie Resources, Inc.
  • Valmie Resources, Inc. filed registration statements and periodic and annual reports with the Commission
  • Securities and Exchange Commission require suspension of trading in the securities of Valmie Resources, Inc.
  • Securities and Exchange Commission ordered trading in the securities of Valmie Resources, Inc. to be suspended
  • Valmie Resources, Inc. quoted OTC Link LLC under the ticker symbol VMRI
  • Brent J. Fields signed order as Secretary of the Commission
  • Securities and Exchange Commission suspended trading in the securities of Valmie Resources, Inc. from May 5, 2017 to May 18, 2017
PDF
It appears to the Securities and Exchange Commission that there is a lack of current and · Source
Text layers
Extracted body text (1,652c) 

UNITED STATES OF AMERICA 
Before the 
SECURITIES AND EXCHANGE COMMISSION 
 
May 4, 2017 
 
____________________________________ 
IN THE MATTER OF    : 
      : 
Valmie Resources, Inc.  :  ORDER OF SUSPENSION 
      : OF TRADING 
File No.      500-1    :   
____________________________________ 
 
It appears to the Securities and Exchange Commission that there is a lack of current and 
accurate information concerning the securities of Valmie Resources, Inc. (CIK No. 0001545447) 
because of questions regarding the accuracy and adequacy of publicly available information, in 
its registration statements, as amended, and periodic and annual reports filed with the 
Commission, about the company since at least March 17, 2015, regarding (i) the identity of 
individuals who control entities offering shares of Valmie Resources, Inc. in registered 
secondary offerings; and (ii) possible undisclosed current controlling persons.  Valmie 
Resources, Inc. is a Nevada corporation whose current principal place of business is in Houston, 
TX.  Its stock is quoted on OTC Link LLC, operated by OTC Markets Group, Inc., under the 
ticker symbol VMRI. 
 The Commission is of the opinion that the public interest and the protection of investors 
require a suspension of trading in the securities of the above-listed company.  
 
 
 

 THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange 
Act of 1934, that trading in the securities of the above-listed company is suspended for the 
period from 9:30 a.m. EDT, on May 5, 2017 through 11:59 p.m. EDT on May 18, 2017. 
By the Commission. 
 
 
       Brent J. Fields 
       Secretary
OCR text (1,745c · tika · 95% conf) 
UNITED STATES OF AMERICA 

Before the 

SECURITIES AND EXCHANGE COMMISSION 

 

May 4, 2017 

 

____________________________________ 

IN THE MATTER OF    : 

      : 

Valmie Resources, Inc.  :  ORDER OF SUSPENSION 

      : OF TRADING 

File No.      500-1    :   

____________________________________ 

 

It appears to the Securities and Exchange Commission that there is a lack of current and 

accurate information concerning the securities of Valmie Resources, Inc. (CIK No. 0001545447) 

because of questions regarding the accuracy and adequacy of publicly available information, in 

its registration statements, as amended, and periodic and annual reports filed with the 

Commission, about the company since at least March 17, 2015, regarding (i) the identity of 

individuals who control entities offering shares of Valmie Resources, Inc. in registered 

secondary offerings; and (ii) possible undisclosed current controlling persons.  Valmie 

Resources, Inc. is a Nevada corporation whose current principal place of business is in Houston, 

TX.  Its stock is quoted on OTC Link LLC, operated by OTC Markets Group, Inc., under the 

ticker symbol VMRI. 

 The Commission is of the opinion that the public interest and the protection of investors 

require a suspension of trading in the securities of the above-listed company.  

 

 

 

https://www.edgar.sec.gov/AR/CompanyInfo.do?cik=0001537274


 THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange 

Act of 1934, that trading in the securities of the above-listed company is suspended for the 

period from 9:30 a.m. EDT, on May 5, 2017 through 11:59 p.m. EDT on May 18, 2017. 

By the Commission. 

 

 

       Brent J. Fields 

       Secretary

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