Plastic2Oil Inc (PTOI)

[capital gain]

different fines structure, as laid out by the SEC for tier 1,2 and 3 violations.

highest one is $500,000.00

Not to concerned if that is the highest amount.

http://www.sec.gov/about/offices/oia/oia_enforce/selpro.pdf

Commission pursuant to section 78u–3 of this title, other than by committing a violation subject to a penalty pursuant to section 78u–1 of this title, the Commission may bring an action in a United States district court to seek, and the court shall have jurisdiction to impose, upon a proper showing, a civil penalty to be paid by the person who committed such violation.
(B) Amount of penalty.—
(i) First tier.— The amount of the penalty shall be determined by the court in light of the facts and circumstances. For each violation, the amount of the penalty shall not exceed the greater of
(I) $5,000 for a natural person or $50,000 for any other person, or
(II) the gross amount of pecuniary gain to such defendant as a result of the violation.
(ii) Second tier.— Notwithstanding clause (i), the amount of penalty for each such violation shall not exceed the greater of
(I) $50,000 for a natural person or $250,000 for any other person, or
(II) the gross amount of pecuniary gain to such defendant as a result of the violation, if the violation described in subparagraph (A) involved fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement.
(iii) Third tier.— Notwithstanding clauses (i) and (ii), the amount of penalty for each such violation shall not exceed the greater of
(I) $100,000 for a natural person or $500,000 for any other person, or
(II) the gross amount of pecuniary gain to such defendant as a result of the violation, if—
(aa) the violation described in subparagraph (A) involved fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement; and
(bb) such violation directly or indirectly resulted in substantial losses or created a significant risk of substantial losses to other persons.
Equitable Relief.
Section 21(d)(5) of the Exchange Act of 1934.
— In any action or proceeding brought or instituted by the Commission under any provision of the securities laws, the Commission may seek, and any Federal court may grant, any equitable relief that may be appropriate or necessary for the benefit of investors.

GLTA.

A.H