Document ID: SEC-2005-0239-0001
Agency: sec
Document Type: Notice
Title: Meetings; Sunshine Act
Posted Date: 2005-11-15T05:00Z

[Federal Register: November 15, 2005 (Volume 70, Number 219)]
[Notices]               
[Page 69365]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15no05-95]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Sunshine Act Meetings

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold the following meetings during the 
week of November 14, 2005:

    An Open Meeting will be held on Monday, November 14, 2005 at 11 
a.m. in Room 10800, and Closed Meetings will be held on Tuesday, 
November 15, 2005 at 3 p.m.

    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meetings. 
Certain staff members who have an interest in the matters may also be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), (9)(B), and (10) and 17 CFR 
200.402(a)(3), (5), (7), 9(ii) and (10) permit consideration of the 
scheduled matters at the Closed Meetings.
    Commissioner Campos, as duty officer, voted to consider the items 
listed for the closed meeting in closed sessions and that no earlier 
notice thereof was possible.
    The subject matter of the Open Meeting scheduled for Monday, 
November 14, 2005 will be:

    The Commission will hear oral argument on an appeal by the 
Division of Enforcement from the decision of an administrative law 
judge. The law judge dismissed the Division's charges against 
William Kissinger, who was formerly a registered representative and 
office of supervisory jurisdiction principal of registered broker-
dealer IFG Network Securities, Inc. (``IFG''), and who was 
associated with Kissinger Advisory, formerly a registered investment 
adviser. The Division alleged that Kissinger violated section 17(a) 
of the Securities Act of 1933, section 10(b) of the Securities 
Exchange Act of 1934 and Rule 10b-5 thereunder, and that he aided 
and abetted Kissinger Advisory's violations of Sections 206(1) and 
206(2) of the Investment Advisers Act of 1940. The Division 
maintains that Kissinger failed to disclose material information in 
connection with his sale of Class B shares of certain mutual funds 
to six customers in 1999 and 2000. The law judge also dismissed the 
Division's charges that IFG and David Ledbetter, IFG's president 
from 1989 to 2000, had failed reasonably to supervise Kissinger with 
a view to preventing his violations of the antifraud provisions, as 
required by Sections 15(b)(4)(E) and 15(b)(6) of the Exchange Act.
    Among the issues likely to be argued are whether Kissinger 
violated the antifraud provisions of the federal securities laws, 
whether IFG and Ledbetter failed reasonably to supervise Kissinger 
and, if violations are found, whether it is in the public interest 
to impose sanctions.

    The subject matter of the Closed Meeting scheduled for Tuesday, 
November 15, 2005 will be:

    Report of an investigation.

    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact:
    The Office of the Secretary at (202) 551-5400.

    Dated: November 9, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. 05-22658 Filed 11-9-05; 4:29 pm]

BILLING CODE 8010-01-P