Monday, September 15, 2014 10:49:59 PM
5
manipulative pump and dump scheme
that had been
planned and
was
in the process of
being
implemented by the defendants.
9.
Based on this conduct
, the Commission seeks the following relief against the
Defendants: (i) entry of pe
rmanent injunctions prohibiting all Defendants from engaging in
future violations of
Section 10(b) of the Exchange Act, 15
U.S.C. § 78j(b), and Rule 10b
-
5, 17
C.F.R. § 240.10b
-
5, and Section 17(a)
of the Securities Act
of 1933 (“Securities Act”)
, 15
U.S.C
. § 77q(a)
; (ii) an order requiring all Defendants to disgorge their ill
-
gotten gains and pay
pre
-
judgment interest; (iii) an order requiring all Defendants to pay appropriate civil monetary
penalties; and, (iv) an order barring all defendants from partici
pating in any offering of penny
stock, pursuant to Section 21(d) of the Exchange Act, 15 U.S.C. § 78u(d).
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