U.S. Securities and Exchange Commission
Litigation Release No. 21478 / April 6, 2010
SEC v. Compass Capital Group, Inc., Mark A. Lefkowitz, Alvin L. Dahl, John R. Dumble, John C. Hopf, Kevin D. Romney, and Shane H. Traveller, Case No. 2:08-CV-00457-ECR-PAL (D. Nev.).
Final Judgment Entered Against John C. Hopf in Settlement of Charges of Conducting an Unlawful Public Offering
The Securities and Exchange Commission today announced that the United States District Court for the District of Nevada entered a final judgment against John C. Hopf in a civil action concerning an unlawful offering of unregistered stock by 21st Century Technologies, Inc. Without admitting or denying the allegations of the Commission's complaint, Hopf consented to the entry of a permanent injunction and penny stock bar, and to pay disgorgement of $110,000.
The Commission's complaint alleged that Hopf acted as a statutory underwriter of 21st Century's 2003 unregistered offering, and alleged that Hopf sold 21st Century securities without a valid exemption from registration, in violation of the securities registration provisions of the federal securities laws.
The final judgment enjoins Hopf from violating Sections 5(a) and 5(c) of the Securities Act of 1933, bars him from participating in any offering of penny stock for a period of one year, and orders him to pay $110,000 in disgorgement of trading profits. In reaching this settlement with Hopf, the Commission's action against all seven of the defendants in this matter is completed.
For further information, please see Litigation Release Nos. 21319 (December 2, 2009); 20695 (August 28, 2008); and 20525 (April 10, 2008).