Defendant Name: GE Funding Capital Market Services, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 33-9297

Document Details

Legal Case Name In the Matter of GE Funding Capital Market Services, Inc.
Document Name Order Under Section 27A(b) of the Securities Act of 1933 and Section 21E(b) of the Securities Exchange Act of 1934, Granting Waivers of the Disqualification Provisions of Section 27A(b)(1)(A)(ii) of the Securities Act of 1933 and Section 21E(b)(1)(A)(ii) of the Securities Exchange Act of 1934
Document Date 01-Feb-2012
Document Format Administrative Proceeding
File Number 11-cv-07465
Allegation Type Municipal Securities & Public Pensions
Document Summary On February 1, 2012, the SEC granted the request of General Electric Company, General Electric Capital Services, Inc., GE Capital Corporation, and any current and future affiliates for a waiver from the disqualification provisions of Section 27A(b)(1)(A)(ii) of the Securities Act of 1933 and Section 21E(b)(1)(A)(ii) of the Securities Exchange Act of 1934. The three companies are indirect parent companies of GE Funding Capital Market Services, Inc. The potential disqualification related to a final judgment entered by the federal district court for the District of New Jersey on January 23, 2013 enjoining "GE Funding CCMS from violating, directly or indirectly, Section 17(a) of the Securities Act."

Disgorgement & Penalty Information

Resolutions
Waiver from the disqualification provisions of Section 27A(b)(1)(A)(ii) of the Securities Act and Section 21E(b)(1)(A)(ii) of the Exchange Act was granted.

Related Documents:

comp-pr2011-276 23-Dec-2011 Complaint
Complaint for Violations of the Federal Securities Laws
In the Complaint the SEC alleged: "This case involves various fraudulent bidding practices by GEFCMS [GE Funding Capital Market Services, Inc.] involving the temporary investment of proceeds from the sale of tax-exempt municipal securities in certain reinvestment instruments by state and local governmental entities in the United States ('Municipalities')."
2011-276 23-Dec-2011 Press Release--Civil Action
SEC Charges GE Funding Capital Market Services With Fraud Involving Municipal Bond Proceeds; Firm Agrees to Pay $70 Million in Settlement with SEC and Others
On December 23, 2011, the SEC announced that it, "charged GE Funding Capital Market Services with securities fraud for participating in a wide-ranging scheme involving the reinvestment of proceeds from the sale of municipal securities."
LR-22210 23-Dec-2011 Litigation Release
SEC Charges GE Funding Capital Market Services With Fraud Involving Municipal Bond Proceeds; Firm Agrees to Pay $70 Million in Settlement with SEC and Others
On December 23, 2011, the SEC announced that it, "charged GE Funding Capital Market Services with securities fraud for participating in a wide-ranging scheme involving the reinvestment of proceeds from the sale of municipal securities."
2011-276-final-judgment 23-Jan-2012 Court Docket Document
Final Judgment as to Defendant GE Funding Capital Market Services, Inc.
On January 23, 2012, Federal District Judge William J. Martini entered final judgment against GE Funding Capital Market Services, Inc., pursuant to the SEC and GE Funding Capital Market Services, Inc.'s consent.
court_doc3_11-cv-07465 23-Jan-2012 Court Docket Document
Final Judgment as to Defendant GE Funding Capital Market Services, Inc.
On January 23, 2012, Federal District Judge William J. Martini entered final judgment against GE Funding Capital Market Services, Inc. pursuant to the consent of GE Funding Capital Market Services, Inc.
33-9298 01-Feb-2012 Administrative Proceeding
Order Under Rule 602(e) of the Securities Act of 1933 Granting a Waiver of the Disqualification Provisions of Rules 602(b)(4) and 602(c)(2)
On February 1, 2012, the SEC published an Order Under Rule 602(e) of the Securities Act of 1933 Granting a Waiver of the Disqualification Provisions of Rules 602(b)(4) and 602(c)(2).
court_doc7_11-cv-07465 14-Mar-2013 Court Docket Document
Order
The Court ordered: "2. The attached “Final Attachment A” list of payees shall replace the “Corrected Attachment A” to the Final Judgment as to Defendant GE Funding Capital Market Services, Inc. that was entered by the Court on June 7, 2012; 3. Based on defendant GE Funding Capital Market Services, Inc.’s representation to the Court that it has made all payments required by the Final Judgment as to Defendant GE Funding Capital Market Services, Inc. (Doc. #3) detailed in the Final Attachment A, this matter shall be marked as closed."