Bradford Kempner Management Services, Inc.

SECURITIES AND EXCHANGE COMMISSJON SEC Buildirg E$SA,GreenhiIls Republic of the Phllipplncs Mandaluyang City 1O BANT OFFICE OF THE GENERAL COUNSEL X 2 2? IN THE MATtER OF: BRADFORD-KEMPNER MANAGEMENT SERVICES, INC. SEC ADMIN CASE NO. 10-01-04 COMPLIANCE AND ENFORCE Ment dePArtMent. Petitioner. TO: February 28, 2002 Legaspi Village, Makari Ciry BRADFORD-KEMPNER MANAGEMENT SERVICES, INC Unit 8 l ] Mecical Plaza Amorsolo cor, Dela Rosa Sts. THE PRESIDENT LIGON SOLIS PIZARRO SANtOS gI DE BORJA LAW FIRM Penthouse, Zeta Bullding Legaspl Vlilage, Makati Ciry 191 Salcedo Street COMPLIANCE AND ENFORCEMENT DEPT. Sth F[r., SEC B]dg., EDSA Ortigas, Mandaluyong Clry COMPANY REGISTRATION AND MONITORING DEPARTMENT (CRMD} Ortigas, Mandaluyong City 3rd F[r., SEC BIdg., EDSA Greetings: Please take notice that on Febriary 20, 2002 an ORDER was issued by the Commisslon in the above-entitled case, the original of which is now on file in this Conmission. Very truly yours, Ma,juai ita e, cueto A Conmissioner {uc. (+ 1) MM L AMG/1tc C SECURITIES & EXCHANGE COMMISSIDN REPUBLIC OF T:IE PH!1IPP:NES DEPARTMENT OE FINANCE SEC BulrdIng.FDGA.Greehhills Maniajuyang City, Metro Maniia HR4 P1 : 27 In the Matter of BRADFORD-KEMPNER MANAGEMENT SERVICES, INC. SEC ADM. CASE NO.10-01-04 COMPLIANCE AND ENFORCEMENT DEPARTMENT, Petitioner. X ORDER On October 10, 2001, this Commission issucd a SHOw CAUSE ORDER. dreCtina BRADFORD-KEMPNER "MANAGEMENT SERVICES. INC. {Bradford Tor brevity} to show cause; within fifteen {15} days frorn receipt thereof, why its certificate of incorporation should not he revoked. After careful examination of the Petitlon of the Compliance and Eriorcamcnt Doparlmeni [cED] us well as tre documents annexed therewith, we affirm the fallowing rindings: 11] that the prirmary purpose of Bradford, stated in its Articles of Incorporation. does not includa ihe business of engaging as broker/dealer. We quote: and act as advisers to individua's, partrerships and corporations located outside the Philippines cnd in th:s fo render management and corsultancy services connection conduct :esearch, studies, surveys on tha international market for purposes of identifying reports and periodicals: promote and assist prospoctive prospective investmont opportunities: cind in thel market developments: produce the televanl researcn investors to enter into joint venlure agrocments in he procoss provida information en eeonornic trends ard Philippines; provke vantura capital where needed: and providoacm'nistra:ive services such us communications, monitoring, maillrig, billing and olher clerica and secretaral support ir connection therewith. Nowriere ir: its purpose can this Corrmission discern any words Iha: would suggost tho terms Broker/Dealer in securities, yet Resp:ondent dcted ds such by soliciting and offering socuritios to customers. {2} a Broker/Dealer in securilies needs a secondary license. ds roguirod in the Securities Regulaton code, ard the Respondert had nonez. By going beyo:id its prirnary purpxose and nor having u secondary license la he a Brokcr/Dealer in securities, Sradford fraudulently and seriously misrepresented itselt to the investing Dublic. Bradtord faied to answer the Snow Cause Ordcr within thc percibed period dospita roceipt thoreof by its counsel af record or November 22. 2001. :n view thereof, ard ir the light of lhis Commission's affirmotion of -ho iindirgs of tha Compliance ana Enforcement Depariment, we ind that there is compefling reason to revoke its certiflcate ot reglstration. pige 3 pl Investieative Repor dated Sepl. 13,2(0 Sev Ainex A oi CHD'5 Peution 2 WHEREFORE. pursuan: to Ine authority of the Comnission under P.D 9c2.A. as arnended. and Sectien 5 (m) of tha Sccur:lies Regulaton Code. the: cortificate ol registration of Bradford-Kempner Managomnnl Services. Irc. is hereby REVOKED.Tet u copy ct :his ORDER ke funished to trc Conpary Registration and Moniloring Depertmen: so that i: may be attached to the corporate records of the subjoct corporalion. SO ORDERED Mardauyong City, Metro Man:la. February 20. 2002. LILIA'R. BAUTISTA Chaimar FE ELOISA C. GLORIA EDIJER A. MARTINEZ Corirnissioner Cbmnmissoner 1 L /JOSELIAj.POBLADOR Py. MA. JUANITA E. CUETO Commissior.er Commissior:er