U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19873 / October 17, 2006
SEC v. Roanoke Technology Corp., et al., Case No. 6:05-cv-1880-Orl-31KRS (M.D.Fla.)
Judgment of Permanent Injunction and Other Relief Entered Against Defendant Roanoke Technology Corp.
The Securities and Exchange Commission ("SEC") announced that on September 27, 2006, the Honorable Gregory A. Presnell United States District Judge for the Middle District of Florida entered a Final Judgment of Permanent Injunction and Other Relief against Defendant Roanoke Technology Corp. ("Roanoke"). The Judgment, entered with the consent of Roanoke, without admitting or denying the allegations of the SEC's complaint, enjoins the company from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and 13(a) of the Securities Exchange Act of 1934, and Rules 10b-5, 12b-20 and 13a-13 thereunder. In addition, the Judgment dismisses the disgorgement and civil penalty claims against Roanoke.
The SEC commenced this action by filing its complaint against Roanoke, among others, alleging the defendants violated the registration, anti-fraud, and reporting provisions of the federal securities laws.