Booters - The Penny Stock Bar

[scion]

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently barred from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. A penny stock is any equity security that has a price of less than five dollars, except as provided in Rule 3a51-1 under the Exchange Act [17 C.P.R. 240.3a51-1].
VI.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $86,745, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $24,081, for a total of $110,826. This obligation shall be deemed satisfied, on a dollar for dollar basis, by the $4,798,138 in criminal forfeiture ordered by the Court in United States v. Matthew W. Brown, Crim. Action No. 09-46-SLR (D. Del.).

Extract:
06/22/2012 30 PROPOSED CONSENT JUDGMENT of Matthew W. Brown by Securities and Exchange Commission. (Attachments: # 1 Consent of Matthew W. Brown to Final Judgment)(Kisslinger, Paul) (Entered: 06/22/2012)
Doc 30 PDF file
https://viewer.zoho.com/docs/bMZbf


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