SEC News Digest

COMMISSION ANNOUNCEMENTS

Robert J. Keyes Named Associate Regional Director and Chief of Regional Office Operations in SEC's New York Office

On April 5, 2010, the Securities and Exchange Commission announced that Robert J. Keyes has been named Associate Regional Director and Chief of Regional Office Operations in the agency's New York Regional Office.

In this newly created position, Mr. Keyes will assist the regional director and other regional senior officers in managing the office's enforcement and examination caseload. He will supervise the assistant regional directors for the office's enforcement accountants and enforcement investigators. As chief operations officer, he will oversee various operational aspects of the New York office, including budgeting, case closings, collections and distributions, and handling of the many tips, complaints, and referrals the office receives each year.

"During his time at the SEC, Rob has repeatedly demonstrated his commitment to improving the agency's operations," said George S. Canellos, Director of the New York Regional Office. "Rob's legal talent and managerial abilities will be great assets for the New York office and the SEC as a whole as we undertake to streamline our procedures and to expand and enhance our enforcement and examination programs."

Mr. Keyes said, "I am honored to work with the dedicated staff of the New York Regional Office during this time of great change at the SEC and many challenges in policing our capital markets. I look forward to working with the staff to develop the most effective operations for the office and further the Commission's mission of protecting investors."

In his new role, Mr. Keyes also will supervise the head of the office's administrative services group, and help senior officers of the regional examination staff by addressing their operational needs. Mr. Keyes will work in close coordination with Adam Storch, the Managing Executive of the Enforcement Division, and senior management of the Office of Compliance Inspections and Examinations (OCIE) on national initiatives to enhance the operations of Enforcement and OCIE.

Mr. Keyes has served at the SEC since 1996, first at the Washington, D.C., headquarters where he became a branch chief in 2000. He also served in the SEC's Office of International Affairs in 1999 and 2000. Mr. Keyes transitioned to the New York office in 2002, becoming a branch chief in 2004 and an assistant regional director in 2005.

Before joining the SEC, Mr. Keyes was a partner in the law firm of Comey Boyd & Luskin in Washington. Earlier in his career, Mr. Keyes was an associate at the law firm of Pettit & Martin in San Francisco. He received his JD degree cum laude from Georgetown University Law Center in 1986. (Press Rel. 2010-52)

ENFORCEMENT PROCEEDINGS

Commission Revokes Registration of Securities of Commercial Concepts, Inc. for Failure to Make Required Periodic Filings

On April 6, 2010, the Commission revoked the registration of each class of registered securities of Commercial Concepts, Inc. (CMEC) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, CMEC consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Commercial Concepts, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of CMEC's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against CMEC in In the Matter of Aspen Group Resources Corp., et al., Administrative Proceeding File No. 3-13824.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of Aspen Group Resources Corp., et al., Administrative Proceeding File No. 3-13824, Exchange Act Release No. 61740 (March 19, 2010). (Rel. 34-61844; File No. 3-13824)

Commission Revokes Registration of Securities of Amalgamated Explorations, Inc. for Failure to Make Required Periodic Filings

On April 6, 2010, the Commission revoked the registration of each class of registered securities of Amalgamated Explorations, Inc. (AXPL) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, AXPL consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Amalgamated Explorations, Inc. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of AXPL's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against AXPL in In the Matter of Amalgamated Explorations, Inc., et al., Administrative Proceeding File No. 3-13804.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of Amalgamated Explorations, Inc., et al., Administrative Proceeding File No. 3-13804, Exchange Act Release No. 61637 (March 3, 2010). (Rel. 34-61845; File No. 3-13804)

Commission Revokes Registration of Securities of Sepragen Corp. for Failure to Make Required Periodic Filings

On April 6, 2010, the Commission revoked the registration of each class of registered securities of Sepragen Corp. (SPGNA) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, SPGNA consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Sepragen Corp. finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of SPGNA's securities pursuant to Section 12(j) of the Exchange Act. This order settled the charges brought against SPGNA in In the Matter of Aspen Group Resources Corp., et al., Administrative Proceeding File No. 3-13824.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

For further information see Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934, In the Matter of Aspen Group Resources Corp., et al., Administrative Proceeding File No. 3-13824, Exchange Act Release No. 61740 (March 19, 2010). (Rel. 34-61846; File No. 3-13824)

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http://www.sec.gov/news/digest/2010/dig040610.htm