U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19679 / May 1, 2006
Securities and Exchange Commission v. Barrington Schneer, Case No. 04-22743-CIV-UNGARO-BENAGES/BROWN (S.D. Fla.)
Final Judgment of Permanent Injunction and Other Relief Against Barrington Schneer
The Securities and Exchange Commission announced that on April 24, 2006, the Honorable Ursula Ungaro-Benages, United States District Judge for the Southern District of Florida, entered a final judgment of permanent injunction against Barrington Schneer. Schneer, without admitting or denying the allegations of the complaint in the case, had consented to the entry of an injunction against future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the final judgment orders Schneer to pay $16,503.32 in disgorgement, plus prejudgment interest of $2,511.15, and a $16,500 civil penalty, and bars him from participating in any offering of a penny stock.
For further information, see Litigation Release No. 18955 (November 2, 2004).