Enron's PUHCA Exemption Application Finally Denied

Securities and Exchange Commission ^ | 12/29/03 | SEC

[conservativeunionist]

We conclude that Enron has failed to establish that it meets the statutory criteria for an exemption under Section 3(a)(3) and 3(a)(5) of the Act and, therefore, we deny Enron's application for an exemption pursuant to those sections of the Act.

IV. Based on this record, we find that Enron fails to meet the statutory requirements for an exemption pursuant to Sections 3(a)(1), 3(a)(3), or 3(a)(5) of the Act. 84 Accordingly, we

deny Enron's application filed on April 12, 2000, for an exemption under Sections 3(a)(3) and 3(a)(5) of the Act, and we deny its application filed on February 28, 2002, amended on May 31, 2002, seeking an exemption under Section 3(a)(1) of the Act.

An appropriate order will issue. 85

[conservativeunionist]

Look out below! This means Enron illegally sold stock. Shareholders can rest easy because we're getting ALL of the money and the perps are going to prison. Thank you SEC!