Defendant Name:
Signature Leisure, Inc.
Defendant Type:
Other
Document Reference:
LR-21632
Document Details
Legal Case Name
SEC v. K&L International Enterprises, Inc., et al.
Document Name
SEC Obtains Judgments Against Stock Distributors Stephen Carnes, Lawrence Powalisz and Their Companies
Document Date
25-Aug-2010
Document Format
Civil Proceeding
Case Number
09-cv-01638
Federal District Court
Florida, Middle District of Florida
Federal District Judge
Gregory A. Presnell
Allegation Type
Securities Offering
Document Summary
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."
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
Individual:
$900,162.00
Shared:
Civil Penalty
Individual:
$50,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Other Defendants in Action:
