ENFORCEMENT PROCEEDINGS - Final Judgment by default against Defendant John Zanic
Friday 12/07/2012
The Commission announced that on December 5, 2012, the Honorable Kimba M. Wood, United States District Court Judge for the Southern District of New York, entered a final judgment by default against Defendant JohnZanic.
The final judgment permanently enjoins Zanic from future violations of Sections 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and permanently bars Zanic from participating in an offering of penny stock.
The final judgment also holds Zanic liable for total combined disgorgement and prejudgment interest of $86,551.35 and a civil monetary penalty in the amount of $130,000.
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