U. S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21857 / February 16, 2011
CIVIL PENALTIES ORDERED AGAINST DEFENDANT ROBERT COMISKEY
Securities and Exchange Commission v. Winning Kids, Inc., et al., Civil Action No. 10-CV-80186-MARRA/JOHNSON (S.D. Fla.)
The Commission announced that on February 8, 2011, the Honorable Kenneth A. Marra, United States District Court Judge for the Southern District of Florida, ordered Robert Comiskey to pay a civil penalty in the amount of $130,000.
Previously, on June 30, 2010, the Court entered a default judgment of permanent injunction against Comiskey, a sales agent for Winning Kids, Inc. which enjoined him from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, Comiskey was ordered to pay disgorgement and prejudgment interest totaling $93,632.53. On January 29, 2010, the Commission filed its complaint against Comiskey and others alleging that they participated in a fraudulent offering scheme that raised approximately $2 million from investors nationwide, purportedly for the development and marketing of children's books.
For more information on earlier actions in this case, see LR-21400 (Feb. 2, 2010), LR-21589 (July 8, 2010), LR-21707 (Oct. 22, 2010), LR-21743 (Nov. 15, 2010).