U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19830 / September 13, 2006
SEC v. Jeffrey R. Senger, Brad M. Nirenberg and Norman F. Piatti, Case No. 02-80766-CIV-HURLEY/LYNCH
Final Judgment Setting Disgorgement and Imposing Prejudgment Interest and Civil Penalty Entered Against Defendant Brad M. Nirenberg
The Securities and Exchange Commission announced that on August 28, 2006, the Honorable Daniel T.K. Hurley, United States District Judge for the Southern District of Florida, entered a Final Judgment Setting Disgorgement and Imposing Prejudgment Interest and a Civil Penalty against Defendant Brad M. Nirenberg. The Final Judgment orders Nirenberg to pay disgorgement in the amount of $191,807.78, prejudgment interest of $86,661.06 and a civil penalty of $191,807.
On April 5, 2005, the Court had entered a Judgment of Permanent Injunction with the consent of Nirenberg, which permanently enjoined him from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The Judgment also barred Nirenberg from participating in an offering of a penny stock.