Defendant Name: Global Entertainment Corporation

Defendant Type: Public Company
SIC Code: 7997
CUSIP: 37939C20

Initial Case Details

Legal Case Name In the Matter of The Greater Wenatchee Regional Events Center Public Facilities District, Allison Williams, Global Entertainment Corporation, and Richard Kozuback
First Document Date 05-Nov-2013
Initial Filing Format Administrative Action
File Number 3-15602
Allegation Type Municipal Securities & Public Pensions

Violations Alleged

Securities Act
Sec 17(a)(2)
Sec 17(a)(3)


First Resolution Date 05-Nov-2013
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

33-9471 05-Nov-2013 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On December 12, 2013, the SEC filed settled administrative proceedings against Global Entertainment Corporation. According to the SEC: "In 2011, the Greater Wenatchee Regional Events Center Public Facilities District ('District') defaulted on $41.77 million in Bond Anticipation Notes ('BANs') it had issued in 2008 to finance a multi-use arena and ice hockey rink (the 'Regional Center') located in the City of Wenatchee, Washington (the 'City'). The Official Statement for the BANs was materially false and misleading." Global Entertainment Corporation was hired by the District to develop and operate the Regional Center.
2013-235 05-Nov-2013 Press Release--Administrative Proceeding
SEC Charges Municipal Issuer in Washington's Wenatchee Valley Region for Misleading Investors
On November 5, 2013, the SEC announced that it charged the Greater Wenatchee Regional Events Center Public Facilities District, a municipal issuer in the state of Washington's Wenatchee Valley region, with misleading investors in a bond offering that financed the construction of a regional events center and ice hockey arena. The SEC's settled administrative proceedings also name the developer Global Entertainment Corporation and its then-president and CEO Richard Kozuback, the underwriter Piper Jaffray & Co. and its lead investment banker Jane Towery, and Allison Williams, a senior staff member for the Greater Wenatchee Regional Events Center Public Facilities District who certified the accuracy of the official statement. In settling the SEC's charges, Global Entertainment and Kozuback each agreed to pay penalties of $10,000.

Other Defendants in Action:

Related Actions:

In the Matter of Piper Jaffray & Co. and Jane Towery