U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21649 / September 15, 2010
SECURITIES AND EXCHANGE COMMISSION v. AMANTE CORPORATION, et al., Civil Action No. 09-CIV-61716-Cohn/Seltzer (S.D. Fla.)
FINAL JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS AMANTE CORPORATION AND COMMONWEALTH CAPITAL MANAGEMENT, AND NOTICE OF THE COMMISSION'S VOLUNTARY DISMISSAL OF CLAIMS AGAINST AMANTE AND COMMONWEALTH FOR DISGORGEMENT, PREJUDGMENT INTEREST AND CIVIL PENALTIES, AND CLAIMS FOR DISGORGEMENT AGAINST RELIEF DEFENDANTS MVC GROUP LLC, AND EAST COAST BULLION EXCHANGE, INC. (f/k/a CAPITAL ONE CONSULTING, INC.)
The Commission announced that on September 13, 2010, the Honorable James I. Cohn, United States District Court Judge for the Southern District of Florida entered a final judgment of permanent injunction and other relief against Defendants Amante Corporation and Commonwealth Capital Management, Inc. Through the Court-appointed Receiver, Amante and Commonwealth consented to be enjoined against future violations of Section 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 (Exchange Act). In addition, the final judgment enjoins Commonwealth against future violations of Section 15(a) of the Exchange Act and Amante against future violations of Sections 5(a) and 5(c) of the Securities Act.
On September 8, 2010, the Commission filed a Notice of Voluntary Dismissal as to Commission's claims for disgorgement, prejudgment interest and civil penalties against Amante and Commonwealth and its claims for disgorgement against Relief Defendants MVC Group LLC, and East Coast Bullion Exchange, Inc. (f/k/a Capital One Consulting, Inc.).
For more information about this case, see LR-21266 (Oct. 29, 2009) and LR-21626 (Aug. 13, 2010).