Defendant Name: Mer Telemanagement Solutions Ltd.

Defendant Type: Public Company
SIC Code: 5065
CUSIP: M6967612

Initial Case Details

Legal Case Name In the Matter of Mer Telemanagement Solutions Ltd.
First Document Date 18-Jan-2017
Initial Filing Format Administrative Action
File Number 3-17799
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
Securities Act
• Sec 17(a)(3)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 18-Jan-2017
Headline Total Penalty and Disgorgement $50,000

Related Documents:

33-10285 18-Jan-2017 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On January 18, 2017 the SEC instituted a settled proceeding against Mer Telemanagement Solutions. According to the SEC: ""This proceeding concerns two materially false and misleading press releases issued on October 15, 2013 and on January 22, 2014 by MTS which operated as a fraud upon investors. MTS furnished these press releases to the Commission as attachments to its Forms 6-K and incorporated them into two Form S-8 registration statements previously filed with the Commission."
33-10284-s 18-Jan-2017 Administrative Summary
Company and CEO Settle Charges Relating to False and Misleading Press Releases
On January 18, 2017 the SEC announced in an administrative proceeding that it "charged a foreign private issuer [MTS] and its former CEO [Etyan Bar] with making false and misleading statements concerning a telecommunications contract, and charged the former CEO with engaging in deceptive conduct by making profitable sales of the issuer's shares."

Related Actions:

In the Matter of Eytan Bar
Eytan Bar