Defendant Name:
Stetson Capital Investments, Inc.
Defendant Type:
Other
Document Reference:
court_doc226_18-cv-08175
Document Details
Legal Case Name
SEC v. Barry C. Honig, John Stetson, Michael Brauser, John R. O'Rourke III, Mark Groussman, Phillip Frost, Robert Ladd, Elliot Maza, Brian Keller, John H. Ford, Alpha Capital Anstalt, ATG Captial LLC, Frost Gamma Investments Trust, GRQ Consultants, Inc., HS Contrarian Investments, LLC, Grander Holdings, Inc., Melechdavid, Inc., Opko Health, Inc., Southern Biotech, Inc., and Stetson Capital Investments Inc.
Document Name
Final Judgment as to Defendant Stetson Capital Investments Inc.
Document Date
06-Mar-2020
Document Format
Civil Proceeding
Case Number
18-cv-08175
Federal District Court
New York, Southern District of New York
Federal District Judge
Edgardo Ramos
Allegation Type
Market Manipulation
Disgorgement & Penalty Information
Resolutions
Enjoinment
"Defendant is barred, for ten years following the date of entry of this Final Judgment, from participating in an offering of penny stock . . . Defendant is prohibited, for ten years following the date of entry of this Final Judgment, from, directly or indirectly: (a) holding any beneficial ownership in any issuer of Penny Stock that amounts to greater than 4.99 percent of that issuer’s outstanding stock . . . (b) advertising, marketing, or otherwise promoting any issuer of Penny Stock; causing the advertising, marketing or promotion of any issuer of Penny Stock; or deriving compensation from the advertising, marketing or promotion of any issuer of Penny Stock; (c) exercising control, including the power to direct or cause the direction of the management and policies, of any issuer of Penny Stock; and (d) providing funding to any issuer of Penny Stock, except funding that results in the issuance of debt securities with no current or future equity conversion feature; provided, however, that nothing herein shall prohibit Defendant from holding or selling the securities of any issuer of Penny Stock whose securities are owned by Defendant as of the date of this Final Judgment, so long as any sale by Defendant of any such securities, at such time as Defendant’s direct or indirect beneficial ownership exceeds 4.99 percent of that issuer’s outstanding stock."
Other Defendants in Action:
