Wayne F. Gorsek, Lyndell F. Parks and P. Brenden Gebben
In 2002, the U.S. Securities and Exchange Commission (SEC) obtained judgments against Wayne F. Gorsek, Lyndell F. Parks, P. Brenden Gebben and Troy Justus.† According to the complaint, the defendants were the owners and associates of Strategic Investment Advisory, Inc. (SIA), a stock promoter claiming to provide independent recommendations about microcap companies.† The SEC alleged that the defendants fraudulently promoted about 20 microcap companies in exchange for undisclosed payments of cash and securities.† According to the complaint, Gorsek and Parks, as co-owners and registered representatives at Strategic Investments, Inc. (SII), a broker-dealer, defrauded SII customers by recommending the purchase of securities issued by SIA without disclosing the payments.† For more information about the SECís action, please see Litigation Release Nos. 16018 (Jan. 7, 1999), 17010 (May 18, 2001), 17352 (Feb. 5, 2002) and 17953 (Jan. 28, 2003).
On February 20, 2008, the Court approved the SECís proposed Distribution Plan, ordering the distribution of the $272,037.33 that Gorsek, Parks and Gebben have currently paid to satisfy outstanding judgments against them.† As also explained in the SECís Memorandum of Law in Support of Motion, the Distribution Plan includes a pro rata distribution of the available funds to customers of SII who the SEC has determined purchased certain securities fraudulently promoted by SIA.
If you believe you are a potential claimant who has not been contacted by the SEC, you should submit a Proof of Claim Form postmarked no later than May 27, 2008, the ďClaims Bar Date.Ē† Proof of Claim Forms should be returned to:U.S. Securities and Exchange Commission
c/o Kevin Guerrero
Senior Counsel, Division of Enforcement
100 F St., N.E.
Mail Stop 8549-C
Washington, DC† 20549
Please do not file your Proof of Claim Form with the Court.†