The judgment includes an Order to Disgorge over $2M in net profits, fines and interest, into a holding fund.
The Commission shall hold the funds, together with any interest and income earned thereon (collectively, the “Fund”), pending further order of the Court.
The Commission may propose a plan to distribute the Fund subject to the Court’s approval
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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA Case No. 1:23cv22233-GAYLES-TORRES
U.S. SECURITIES AND EXCHANGE COMMISSION,
Plaintiff, v. BHP CAPITAL NY, INC. and BRYAN PANTOFEL, Defendants.
b) Within thirty (30) days after entry of Final Judgment, Defendant shall surrender its conversion rights under all remaining convertible notes associated with the issuers identified in Appendix B.
APPENDIX B Notes To Which Defendant Shall Surrender Conversion Rights
{abbreviated table} Symbol/Issuer Name / Date of Note(s) WCVC / West Coast Ventures Group Corp./ 6/27/19
Penny certainly interesting but Nixon could easily use this money to open other restaurants and stay private. With more money it is not a guarantee that he will return to trading