2015-12-16 sec-litreleases pdf 34 KB 1,561 chars

SEC v. Fortel, Inc.; and Envit Capital Group, Inc., No. 1:12-cv-11489-MBB (Dec. 16, 2015)

raw: The time for filing a petition for review of the initial decision in this proceeding has

The time for filing a petition for review of the initial decision in this proceeding has, No. 1:12-cv-11489-MBB (Dec. 16, 2015)

Caption
SEC v. Fortel, Inc, et al.
Exhibit of Edward M. Laborio et al.
Source PDF JSON
summary

Fortel, Inc., now Envit Capital Group, Inc., had its SEC registration permanently revoked after failing to challenge an administrative decision finding systemic violations of reporting requirements, effectively delisting it from public trading.

paragraph

The SEC revoked the registration of Fortel, Inc. (now Envit Capital Group, Inc.) under Section 12(j) of the Securities Exchange Act of 1934 after its initial administrative decision became final on September 11, 2009. The decision followed the company’s failure to file required periodic reports and submit accurate financial disclosures, indicating persistent regulatory noncompliance. Although no specific dollar amounts or individual defendants were cited, the revocation permanently bars the company from raising capital through public markets.

narrative

Fortel, Inc., now known as Envit Capital Group, Inc., had its SEC registration permanently revoked under Section 12(j) of the Securities Exchange Act of 1934 after the Commission’s initial decision became final on September 11, 2009. The administrative law judge’s initial decision, issued on August 13, 2009, found the company had failed to file required periodic reports and submitted false or misleading financial statements, violating federal securities reporting obligations. No petition for review was filed by the company, and the SEC declined to intervene, making the decision final. While the order does not specify monetary penalties or individual culpability, the revocation reflects systemic noncompliance and a lack of transparency. The consequence is the permanent delisting of the company’s securities, effectively barring it from accessing public capital markets. This action underscores the SEC’s enforcement of disclosure requirements for public companies, even in the absence of explicit fraud charges. The revocation serves as a regulatory termination of the company’s public status, not merely a fine or sanction.

Enriched metadata

Scheme
accounting-fraud (90%)
Case No.
1:12-cv-11489-MBB
Classified accounting-fraud(confidence 90%). EDGAR detection: forms 10-K/10-Q/8-K/NT 10-K· recall 80% / precision 48%. detection rule →
Statutes
17 C.F.R. § 201.360(d)Section 12(j) of the Securities Exchange Act
Parties
Securities and Exchange CommissionFortel, Inc.Envit Capital Group, Inc.
Keywords
initial decisiondecisionincknown envitenvit capitalcapital groupinitialtime filingfiling petitionpetition reviewreview initialdecision proceedingsecurities exchangefortelknown

Extracted insights

Entities 2
  • company fortel, inc., now known as envit capital group, inc.
  • company the registration of the registered securities
Triples 11
  • Fortel, Inc., now known as Envit Capital Group, Inc. is revoked the registration of the registered securities
  • Fortel, Inc., now known as Envit Capital Group, Inc. has its registration revoked the registration of the registered securities of Fortel, Inc., now known as Envit Capital Group, Inc.
  • Fortel, Inc. is now known as Envit Capital Group, Inc.
  • Fortel, Inc. has filed no petition for review
  • The Commission has chosen not to review the decision
  • The Commission declared the order effective
  • The initial decision ordered revocation of registration
  • The registration is revoked registered securities of Fortel, Inc.
  • Elizabeth M. Murphy is Secretary
  • The initial decision became the final decision of the Commission
  • Fortel, Inc. had registration registered securities
PDF
The time for filing a petition for review of the initial decision in this proceeding has · Source
Text layers
Extracted body text (1,561c) 

 
      
____________________________________ 
UNITED STATES OF AMERICA
 
before the
 
SECURITIES AND EXCHANGE COMMISSION
 
SECURITIES EXCHANGE ACT OF 1934 
Rel. No. 60658 / September 11, 2009 
Admin. Proc. File No. 3-13465 
:
                     In the Matter of :
 :
          FORTEL, INC., NOW KNOWN AS  :
          ENVIT CAPITAL GROUP, INC.  : 
____________________________________: 
NOTICE THAT INITIAL DECISION HAS BECOME FINAL 
The time for filing a petition for review of the initial decision in this proceeding has 
expired.  No such petition has been filed by Fortel, Inc., now known as Envit Capital Group, Inc. 
The Commission has not chosen to review the decision on its own initiative. 
Accordingly, notice is hereby given, pursuant to Rule 360(d) of the Commission's Rules 
of Practice, 1/ that the initial decision of the administrative law judge 2/ has become the final 
decision of the Commission with respect to Fortel, Inc., now known as Envit Capital Group, Inc. 
The order contained in that decision is hereby declared effective.  The initial decision ordered 
that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of the 
registered securities of Fortel, Inc., now known as Envit Capital Group, Inc., is revoked. 
For the Commission by the Office of the General Counsel, pursuant to delegated 
authority. 
Elizabeth M. Murphy
        Secretary 
1/	 17 C.F.R. § 201.360(d). 
2/	 Fortel, Inc., now known as Envit Capital Group, Inc., Initial Decision Rel. No. 385 (Aug. 
13, 2009), ___ SEC Docket ___.
OCR text (1,573c · tika · 95% conf) 
____________________________________ 

UNITED STATES OF AMERICA
 
before the
 

SECURITIES AND EXCHANGE COMMISSION
 

SECURITIES EXCHANGE ACT OF 1934 
Rel. No. 60658 / September 11, 2009 

Admin. Proc. File No. 3-13465 

:
                     In the Matter of  :

 :
          FORTEL, INC., NOW KNOWN AS  :
          ENVIT CAPITAL GROUP, INC.  : 
____________________________________: 

NOTICE THAT INITIAL DECISION HAS BECOME FINAL 

The time for filing a petition for review of the initial decision in this proceeding has 
expired. No such petition has been filed by Fortel, Inc., now known as Envit Capital Group, Inc. 
The Commission has not chosen to review the decision on its own initiative. 

Accordingly, notice is hereby given, pursuant to Rule 360(d) of the Commission's Rules 
of Practice, 1/ that the initial decision of the administrative law judge 2/ has become the final 
decision of the Commission with respect to Fortel, Inc., now known as Envit Capital Group, Inc. 
The order contained in that decision is hereby declared effective.  The initial decision ordered 
that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, the registration of the 
registered securities of Fortel, Inc., now known as Envit Capital Group, Inc., is revoked. 

For the Commission by the Office of the General Counsel, pursuant to delegated 
authority. 

Elizabeth M. Murphy
        Secretary 

1/	 17 C.F.R. § 201.360(d). 

2/	 Fortel, Inc., now known as Envit Capital Group, Inc., Initial Decision Rel. No. 385 (Aug. 
13, 2009), ___ SEC Docket ___. 


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