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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21298 / November 16, 2009

FINAL JUDGMENT OF DISGORGEMENT AND CIVIL PENALTY ENTERED AGAINST DEFENDANT JON F. SIMMS

Securities and Exchange Commission v. Superior Opportunities, Inc., J.F. Simms & Co., LLC, William J. Hickey, Sean A. Osborne and Jon F. Simms, Case No. 04-80021-CIV-HURLEY/HOPKINS (S.D. Fla.)

The Commission announced that on July 22, 2009, the United States District Court for the Southern District of Florida entered a Final Judgment of Disgorgement and Civil Penalty as to Defendant Jon F. Simms. The Final Judgment, entered by consent, orders Simms to pay disgorgement in the amount of $2,367,350.00 with prejudgment interest of $61,657.62, and a civil penalty of $50,000.00.

Previously, the Court had entered a judgment of permanent injunction, by consent against Simms, enjoining him from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934.

For addtional information, see Litigation Release No. 18545 (January 16, 2004), and Release No. 18992 (December 6, 2004).

 

http://www.sec.gov/litigation/litreleases/2009/lr21298.htm


Modified: 11/16/2009