|SEC NEWS DIGEST|
September 11, 2002
SHAWN HACKMAN SUSPENDED FROM PRACTICING BEFORE THE COMMISSION AS AN ATTORNEY The Commission has issued an Order of Suspension against Shawn F.Hackman of Las Vegas, Nevada, suspending him forthwith from appearing orpracticing before the Commission based on his disbarment by the SupremeCourt of Nevada. In taking its action against Hackman, the Court foundthat Hackman had misappropriated over $700,000 in client funds at a timewhen he was ostensibly cooperating with bar counsel concerningallegations by other clients that Hackman had misappropriated theirfunds as well.Hackman is currently a defendant in SEC v. Kanakaris Communications,Inc. In that action, the Commission has alleged that Hackman violatedSection 17(a) of the Securities Act of 1933 and....