Zeb Oro Explorations Inc. the Canadian resource exploration firm has had it’s SEC license permanently revoked after failing to file accounts since 2001 and failing to maintain a valid address on file with the Commission.
Issuers of registered securities are mandated to provide updated, truthful information in periodic reports to the Commission per rules established in Section 13(a), including annual reports under Rule 13a-1 and quarterly reports under Rule 13a-13 for domestic issuers.
The respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
The Commission has deemed it necessary to initiate administrative proceedings to protect investors due to allegations made by the Division of Enforcement.
This investigation seeks to determine whether the allegations made against the respondent are true and whether it is necessary and appropriate to suspend or revoke the registration of the respondent’s securities for a period of up to 12 months.
A public hearing will be held before the Commission to take evidence on set questions. The time and place will be determined by a further order of the Commission.
The respondent must answer the allegations in this order within 10 days, as detailed by Rule 220(b) of the Commission’s Rules of Practice.
Within 14 days of service of the answer, the Division of Enforcement and the respondent must hold a prehearing conference and file a statement with the Office of the Secretary regarding any agreements made and/or efforts to meet and confer.
The respondent may be deemed in default if they fail to file the directed answer or appear at a hearing or conference after being notified. Proceedings may be determined against them based on this order, with the allegations being considered true as per the Commission’s Rules of Practice. This order must be served on the respondent following the Commission’s Rules of Practice.
The Commission has ruled that, according to Rules of Practice 100(c) and 141, all opinions, orders, and decisions in these proceedings should be served to the Division of Enforcement through email rather than paper copies.
The Commission’s Rules of Practice (17 C.F.R. 201.151(a), (b), and (c)) mandate that all papers and documents pertaining to a proceeding before the Commission shall be filed electronically via the Commission’s eFAP system and must be served and accepted electronically. All motions, objections, or applications will be decided by the Commission.
The Commission will issue a decision based on the record listed at 17 C.F.R. 201.350(a) and any other documents accepted as part of the record. Rule 351 of the Rules of Practice will not apply.
The Commission will issue a final order after a post-hearing briefing, a ruling on pleadings or summary disposition, or if a party is deemed to be in default without a public hearing.
No officer or employee of the Commission engaged in investigative or prosecuting functions will be allowed to participate in the decision in this matter. This proceeding is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.