U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21651 / September 16, 2010

JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT WILLIAM H. CENTER

Securities and Exchange Commission v. Trade-LLC, et al., Civil Action No. 10-80737-CV-Hurley/Hopkins (S.D. Fla.)

The Commission announced that on August 13, 2010, the Honorable Daniel T.K. Hurley, United States District Court Judge for the Southern District of Florida, entered a judgment of permanent injunction and other relief against Defendant William H. Center. The judgment enjoins Center from violating Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder, Section 15(a) of the Exchange Act and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. In addition to injunctive relief, the judgment orders Center to pay disgorgement and a civil penalty, in an amount to be determined at a later date. Center consented to the entry of the judgment without admitting or denying any of the allegations in the complaint.

On June 22, 2010, the Commission filed its complaint and charged Center and others with fraud for running a Ponzi scheme.

For more information on earlier actions in this case, see LR-21564 (June 22, 2010).

 
http://www.sec.gov/litigation/litreleases/2010/lr21651.htm

Last modified: 9/16/2010