SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES ACT OF 1933
RELEASE NO. 8092 / April 22, 2002
ADMINISTRATIVE PROCEEDING
File No. 3-10760
The Commission announced today that it issued an Order Fixing Time and
Place of Public Hearing and Instituting Proceedings pursuant to Section
8(d) of the Securities Act of 1933, in the Matter of Registration
Statements of Investment Technology, Inc. As described therein, the
Division of Enforcement alleges that the registration statements of
Investment Technology, filed on January 24, 2002 and March 8, 2002,
include untrue statements of material fact and omit material facts, either
on their face or through their incorporation by reference of periodic
filings that include untrue statements of material fact and omit material
facts, including but not limited to the ability of Investment Technology
to use Form S-8, the identity and background of the directors, officers
and control persons of Investment Technology, the compensation paid to the
officers and directors of Investment Technology, the equity ownership of
the directors, officers and control persons of Investment Technology,
legal proceedings involving Investment Technology and/or its directors,
officers and control persons, the business operations of Investment
Technology, and Investment Technology's current and historical
information. The Commission instituted these proceedings pursuant to
Section 8(d) of the Securities Act to determine whether the allegations of
the Division of Enforcement are true; to afford registrant with an
opportunity to establish any defenses to these allegations; and to
determine whether a stop order should be issued suspending the
effectiveness of the Investment Technology's registration statements. A
hearing is scheduled to commence at 10 a.m. on May 7, 2002 before an
Administrative Law Judge to determine whether a stop order should be
issued to suspend the effectiveness of the Investment Technology, Inc.
registration statements.
http://www.sec.gov/litigation/admin/33-8092.htm
