PCT Ltd (PCTL)

[dade]

@PCTL_ can CEO please explain the terms of permanent injunction levied against him? Is he in violation of this permanent order?

Simultaneously with the filing of the Commission's Complaint, defendants Grieco, Midwest Engineered Housing, Wells, and Hosid consented to the entry of Final Judgments of Permanent Injunction against them, without admitting or denying the allegations contained in the Commission's Com-plaint. The Honorable Howard G. Munson, United States District Judge for the Northern District of New York, signed the Final Judgments on June 21, 1979, which (a) enjoined the defendants from violating Sections 5(a), 5(c), and 17(a) of the Exchange Act of 1934 and Rule 10b-5 thereunder, and (b) provided for other equitable relief, including disgorgement and the appointment of a Special Fiscal Agent to oversee the ordered dis-gorgement.