2013-12-02 sec-litreleases pdf 34 KB 1,561 chars

SEC v. FORTEL INC NOW KNOWN AS ENVIT CAPITAL GROUP INC, No. 1:12-cv-11489-MBB (Dec. 2, 2013)

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. 2, 2013)

Caption
SEC v. FORTEL INC NOW KNOWN AS ENVIT CAPITAL GROUP INC
Exhibit of Edward M. Laborio, Jonathan Fraiman, Matthew K. Lazar, Envit Capital, LLC, Envit Capital Group, Inc., Envit Capital Holdings, Inc., Envit Capital Private Wealth Management, LLC, Envit Capital Multi Strategy Mixed Investment Fund I LP, Aetius Group PLC, and Aetius Group LLC
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summary

Fortel, Inc., now Envit Capital Group, Inc., had its SEC registration revoked after failing to challenge an administrative decision finding persistent failures to file required reports, effectively barring it from public securities trading due to non-compliance with disclosure laws.

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 the company did not file a petition for review of the initial administrative decision. The revocation was based on prolonged failures to file required periodic reports, indicating systemic non-compliance with federal securities disclosure requirements. Although no specific fraud allegations or monetary penalties were detailed, the action permanently barred the company from offering or selling securities in public markets.

narrative

Fortel, Inc., now known as Envit Capital Group, Inc., had its SEC registration revoked under Section 12(j) of the Securities Exchange Act of 1934 after the time expired for filing a petition for review of the initial administrative decision. The Commission declined to review the decision on its own initiative, making the administrative law judge’s ruling final. The initial decision found that the company had persistently failed to file required periodic reports, demonstrating a pattern of non-compliance with federal securities disclosure obligations. While no specific allegations of financial fraud, inflated figures, or individual misconduct were detailed in the final order, the failure to report undermined investor protection and market integrity. The revocation effectively bars the company from using public markets to offer or sell securities, regardless of whether it continues operations privately. No monetary penalties or individual charges were imposed, as the action focused solely on restoring compliance through registration revocation. The SEC’s action underscores its authority to enforce reporting obligations even in the absence of explicit fraud allegations, prioritizing transparency over punitive measures.

Enriched metadata

Scheme
financial-fraud (70%)
Case No.
1:12-cv-11489-MBB
Classified financial-fraud(confidence 70%). EDGAR detection: forms 10-K/10-Q/8-K/NT 10-K· recall 67% / precision 23%. detection rule →
Statutes
17 C.F.R. § 201.360(d)Section 12(j) of the Securities Exchange Act
Parties
Securities and Exchange CommissionFORTEL INC NOW KNOWN AS 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.
  • organization The Commission
Triples 3
  • 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.
  • the Commission declared effective the order contained in that decision
  • the initial decision of the administrative law judge has become the final decision of the Commission
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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