In the Matter of Andre J. Hayden
On October 15, 2012, the Securities and Exchange Commission (Commission) issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings and Imposing Remedial Sanctions (Order) against Andre J. Hayden. The Order finds that Hayden acted as an unregistered broker, and solicited prospective investors to purchase interests in a purported real estate joint venture operated by Titan Investment Partners Corp. and, on July 23, 2012, a judgment was entered against Hayden, permanently enjoining him from, among other things, future violations of Section 15(a) of the Exchange Act, in a civil action entitled SEC v. Amella, et al., Civil Action Number 1:11-CV-6849, in the United States District Court for the Northern District of Illinois. The Order further finds that the Complaint alleged that, without investigating the legitimacy of the purported real estate joint venture and the accuracy of his representations, Hayden falsely informed investors that their funds would be used to purchase and develop real estate and that they would receive a guaranteed 10% monthly return on their investments.
Based on the above, the Order bars Hayden from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization, and also bars him from participating in any offering of a penny stock. Hayden consented to the issuance of the Order without admitting or denying the findings in the Order, except he admitted the entry of the injunction.
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