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.