Securities and Exchange Commission v. Michael Andre Jones

Justia Dockets & Filings Ninth Circuit California Central District Securities and Exchange Commission v. Michael Andre Jones

Securities and Exchange Commission v. Michael Andre Jones

Plaintiff:	Securities and Exchange Commission
Defendant:	Michael Andre Jones
Case Number:	2:2017cv02413
Filed:	March 29, 2017
Court:	US District Court for the Central District of California
Presiding Judge:	Philip S. Gutierrez
Presiding Judge:	Steve Kim
Nature of Suit:	Securities/Commodities

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Date Filed	Document Text
April 4, 2017	Filing 13 FINAL JUDGMENT by Judge Philip S. Gutierrez, in favor of Securities and Exchange Commission against Michael Andre Jones: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Sections 5(a) and 5(c) of the Securities Act of 1933. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 17(a) of the Securities Act [15 U.S.C. § 77q(a)]. IT IS FURTHER ORDERED, ADJUDGE D, AND DECREED that Defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated th ereunder. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 15 of the Exchange Act [15 U.S.C. § 78o]. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is perma nently restrained and enjoined from directly or indirectly, including, but not limited to, through any entity owned or controlled by him, from participating in the issuance, purchase, offer, or sale of any security, provided however, that he shall not be prevented from purchasing or selling securities listed on a national securities exchange for his own personal account. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $709,645, representing un just enrichment received as a result of the conduct alleged in the complaint, together with prejudgment interest thereon in the amount of $77,673, and a civil penalty in the amount of $709,645 pursuant to Securities Act Section 20(d) [15 U.S.C. § 77t(d)] and Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)]. Defendant shall satisfy this obligation by paying $1,496,963 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. § 523, the allegations in the complaint are true and admitted by Defendant. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. (see document for further details) (MD JS-6, Case Terminated). (bm)

Date Filed

Document Text

April 4, 2017

Filing 13 FINAL JUDGMENT by Judge Philip S. Gutierrez, in favor of Securities and Exchange Commission against Michael Andre Jones: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Sections 5(a) and 5(c) of the Securities Act of 1933. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 17(a) of the Securities Act [15 U.S.C. § 77q(a)]. IT IS FURTHER ORDERED, ADJUDGE D, AND DECREED that Defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated th ereunder. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 15 of the Exchange Act [15 U.S.C. § 78o]. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is perma nently restrained and enjoined from directly or indirectly, including, but not limited to, through any entity owned or controlled by him, from participating in the issuance, purchase, offer, or sale of any security, provided however, that he shall not be prevented from purchasing or selling securities listed on a national securities exchange for his own personal account. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $709,645, representing un just enrichment received as a result of the conduct alleged in the complaint, together with prejudgment interest thereon in the amount of $77,673, and a civil penalty in the amount of $709,645 pursuant to Securities Act Section 20(d) [15 U.S.C. § 77t(d)] and Exchange Act Section 21(d)(3) [15 U.S.C. § 78u(d)(3)]. Defendant shall satisfy this obligation by paying $1,496,963 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. § 523, the allegations in the complaint are true and admitted by Defendant. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. (see document for further details) (MD JS-6, Case Terminated). (bm)

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Defendant: Michael Andre Jones
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Plaintiff: Securities and Exchange Commission
Represented By:	Gary Y Leung
Represented By:	Christopher G Margand
Represented By:	Duane K Thompson
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