 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
D/B/A INVESTORS ALERT DISGORGEMENT CIVIL PENALTIES SECURITIES OTC CONSULTING DISTRICT THOMAS LOYD DEFENDANT PAUL SPRAY DISMISSES VANTAGE INTERNATIONAL CONSULTANTS LAZZARA JUDGE PREJUDGMENT AMOUNT JUDGMENT ORDERING THOMAS PAY DISGORGEMENT HONORABLE RICHARD LAZZARA UNITED STATES DISTRICT MIDDLE DISTRICT FLORIDA ORDER IMPOSING DISGORGEMENT VIOLATION EXCHANGE ACT REQUEST |
U.S. Securities and Exchange Commission
Securities and Exchange Commission
Litigation Release No. 18318 / September 2, 2003
District Court Enters Final Judgment Ordering Thomas E. Loyd, Individually
and d/b/a Investors' Alert, and Paul A. Spray, Individually and d/b/a OTC
Investor's Edge to Pay Disgorgement and Civil Penalties and Dismisses Its
Claims of Disgorgement and Civil Penalties as to OTC Consulting, Inc.,
Vantage International Consultants, Inc. and Investors' Alert, Inc.
Securities and Exchange Commission v. Thomas E. Loyd, Individually and d/b/a
Investors' Alert, et al., Case No. 8 02-CV-1613-T-26EAJ (M.D. of FL)
The Securities and Exchange Commission (SEC) announced that on August
20, 2003, the Honorable Richard Lazzara, United States District Judge
for the Middle District of Florida, issued an order imposing
disgorgement with prejudgment interest in the amount of $474,359.12
and civil penalties of $325,000 against Defendant Thomas E. Loyd,
Individually and d/b/a Investors' Alert and disgorgement with
prejudgment interest in the amount of $44,566.79 and civil penalties
of $120,000 against Defendant Paul A. Spray, Individually and d/b/a
OTC Investor's Edge for their violation of Section 10(b) of the
Exchange Act and Rule 10b-5.
At the SEC's request, Judge Lazzara also dismissed its claims of
disgorgement and civil penalties against Defendants OTC Consulting,
Inc., Vantage International Consultants, Inc. and Investors' Alert,
Inc.
For more information on earlier actions in this case, see (September
11, 2002) and (July 23, 2003).
_________________________________________________________________
Modified 09/02/2003
SNIPPETS:
|
|
|
| | | |
|
|
