Florida companies face SEC probe

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05/12/2010 52 MOTION for Final judgment as to Defendants Stephen W. Carnes, Signature Worldwide Advisors, LLC and Signature Leisure Inc. by United States Securities and Exchange Commission. (Polish, Jonathan) (Entered: 05/12/2010)

Doc 52 PDF file
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MOTION FOR ENTRY OF FINAL JUDGMENTS AS TO DEFENDANTS STEPHEN W. CARNES, SIGNATURE WORLDWIDE ADVISORS, LLC AND SIGNATURE LEISURE INC.

Plaintiff Securities and Exchange Commission (the “Commission”) respectfully moves this Court to enter Final Judgments as to Defendants Stephen W. Carnes, Signature Worldwide Advisors, LLC and Signature Leisure, Inc. (the “Defendants”). In support of this motion, the Commission states as follows:

1. The Defendants have consented to entry of Final Judgments. The Consents are attached hereto as Exhibits A, B and C.

2. The proposed Final Judgments, which are attached to the Consents, would permanently enjoin the Defendants from violating Section 5 of the Securities Act of 1933 [15 U.S.C. § 77e], bar them for three years from participating in an offering of penny stock under Section 20(g) of the Securities Act [15 U.S.C. § 77t(g)], order them to pay disgorgement, plus prejudgment interest, and order them to pay civil penalties under Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)].

WHEREFORE, the Commission respectfully requests that this Court enter Final Judgments against Defendants Stephen W. Carnes, Signature Worldwide Advisors, LLC and Signature Leisure, Inc., and for such other relief as the Court deems appropriate.

Dated: May 12, 2010

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