Huntway Partners Told to Stop SEC Violations

Huntway Partners L.P., a Valencia-based processor of crude oils into liquid asphalt, said the Securities and Exchange Commission has ordered the company to “cease and desist” from any future violations of certain securities laws.

Huntway said it consented to the order without admitting to or denying any of the order’s allegations, which stemmed from the SEC’s investigation into alleged irregularities in the partnership’s financial reporting in 1992.

The investigation began after Huntway disclosed in December, 1992, that it had discovered the reporting irregularities, which were allegedly made by a former officer of the partnership.

The SEC did not order Huntway to pay a monetary penalty, Huntway said.

Huntway President and Chief Executive Juan Forster said he was satisfied with the result of the SEC investigation.