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Wednesday, 05/27/2020 7:19:11 PM

Wednesday, May 27, 2020 7:19:11 PM

Post# of 8728
MDOR: Warren Anthony Davis, age 43, is the founder, and was president and sole owner of Gibraltar Global Securities.

Davis participated in the offering and sale of shares in the United States of Magnum d’Or (symbol “MDOR”), which is a penny stock.

A final default judgment was entered, ordering Davis and Gibraltar to pay disgorgement in the amount of $14,449,176, prejudgment interest in the amount of $2,700,483, and for each defendant to pay a tier-two civil penalty in the amount of $3,667,146.

On May 3, 2017, another default judgement was entered against Davis and Gibraltar as a result of a separate complaint brought by the Commission.
In its final judgment the Court ordered Davis and Gibraltar to pay disgorgement in the amount of $9,674,276.20, prejudgment interest in the amount of 2,318,996.44, and civil penalties in the amount of $150,000 for Davis and $225,000 for Gibraltar.

The Commission’s complaint also alleged that during the relevant
timeframe Gibraltar sold approximately $100 million of low-priced microcap securities. In addition to operating as an unregistered broker-dealer in the U.S., Davis and Gibraltar participated in the unlawful unregistered offering and sale of over 10 million shares of MDOR—a penny stock—on behalf of U.S. customers, for proceeds of over $11 million.

More: https://www.sec.gov/litigation/admin/2020/34-88962.pdf

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