Defendant Name: Signature Leisure, Inc.

Defendant Type: Other

Initial Case Details

Legal Case Name SEC v. K&L International Enterprises, Inc., Signature Leisure, Inc., Signature Worldwide Advisors, LLC, Stephen W. Carnes, Lawrence A. Powalisz, Enzyme Environmental Solutions, Inc. and Jared E. Hochstedler
First Document Date 24-Sep-2009
Initial Filing Format Civil Proceeding
Case Number 09-cv-01638
Allegation Type Securities Offering
Federal District Court Florida, Middle District of Florida

Violations Alleged

Securities Act
• Sec 5
• Sec 5(a)
• Sec 5(c)
Other
• Section 20(g) Securities Act

Resolutions

First Resolution Date 25-Aug-2010
Headline Total Penalty and Disgorgement $950,162

Related Documents:

comp21224 24-Sep-2009 Complaint
Complaint
According to the SEC: "Defendants Stephen Carnes and Lawrence Powalisz, in collaboration with the other defendants, are selling billions of shares of stock in "microcap" companies to the investing public without adhering to the registration requirements of Section 5 of the Securities Act of 1933 ("Securities Act"). "
LR-21632 25-Aug-2010 Litigation Release
SEC Obtains Judgments Against Stock Distributors Stephen Carnes, Lawrence Powalisz and Their Companies
On August 25, 2010, the SEC issued a litigation release announcing the entry of a Final Judgments against Signature Leisure, Inc. and additional defendants. According to the SEC: "The Commission's complaint alleged that the defendants engaged in a scheme to evade the registration provisions of the federal securities laws by selling billions of shares of stock issued by microcap companies to the investing public."

Other Defendants in Action:

K&L International Enterprises, Inc.
Signature Worldwide Advisors, LLC
Stephen W. Carnes
Lawrence A. Powalisz
Enzyme Environmental Solutions, Inc.
Jared E. Hochstedler

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