Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Securities and Exchange Commission v. Gracey

United States District Court, C.D. California

May 23, 2018

SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
v.
KEENAN GRACEY, Defendant.

          [PROPOSED] PRELIMINARY INJUNCTION AND ORDERS: (1) FREEZING ASSETS; (2) PROHIBITING THE DESTRUCTION OF DOCUMENTS; (3) REQUIRING ACCOUNTINGS; AND (4) GRANTING EXPEDITED DISCOVERY

          HON. ANDRÉ BIROTTE JR, UNITED ANDR ATES DISTRICT JUDGE

         This matter is before the Court on the Consent of Defendant Keenan Grace (“Defendant”) to the Entry of Preliminary Injunction and Orders: (1) Freezing Assets; (2) Prohibiting the Destruction of Documents; and (3) Requiring an Accounting; and Granting Expedited Discovery.

         The Court, having previously issued a Temporary Restraining Order and Orders: (1) Freezing Assets; (2) Prohibiting the Destruction of Documents; (3) Granting Expedited Discovery; and (4) Requiring Accountings and Order To Show Cause Re Preliminary Injunction on May 11, 2018 (“TRO”); and having considered the SEC's Complaint, the TRO Application, the supporting Memorandum of Points and Authorities, the supporting declarations and exhibits, the other evidence and argument presented to the Court, as well as the Defendant's Consent, finds that:

A. This Court has jurisdiction over the parties to, and the subject matter of, this action.
B. Defendant has consented to the entry of a preliminary injunction on the terms below.

         I.

         IT IS HEREBY ORDERED that Defendant and his agents, servants, employees, attorneys, and those persons in active concert or participation with him, who receive actual notice of this Order, by personal service or otherwise, and each of them, be and hereby are preliminarily restrained and enjoined from, directly or indirectly, in the offer or sale of any securities, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails:

A. employing any device, scheme or artifice to defraud;
B. obtaining money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
C. engaging in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser; in violation of Section 17(a) of the Securities Act [15 U.S.C. § 77q(a)].

         II.

         IT IS FURTHER ORDERED that Defendant and his agents, servants, employees, attorneys, and those persons in active concert or participation with him, who receive actual notice of this Order, by personal service or otherwise, and each of them, be and hereby are preliminarily restrained and enjoined from, directly or indirectly, in connection with the purchase or sale of any security, by the use of any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange:

A. employing any device, scheme or artifice to defraud; or
B. engaging in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person; in violation of Section 10(b) of the Exchange Act [15 U.S.C. ยง 78j(b)], and ...

Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.