March 29, 2001

The SEC issued an order against Michael Keating and his advisory firm Keating Advisory Group imposing sanctions for engaging in a fraudelent scheme to sell unregistered securities. Mr. Keating through his adviosry firm sold approximately $3 million of the unregistered securities were sold to 69 investors.

The SEC found that Mr. Keating made material misrepresentations about the nature of, and risk inherent in, the investments, including that the investments had a guaranteed return of 12%.