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U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23005 / May 28, 2014

Securities and Exchange Commission v. Gendarme Capital Corporation, et al., Civil Action No. 2:11-CV-00053-KJM-KJN (E.D. Cal.)

SEC Settles Claims Against Gendarme Capital Corporation and Remaining Defendants in Securities Registration Case

The United States District Court for the Eastern District of California has approved settlements resolving claims by the Securities and Exchange Commission against Gendarme Capital Corporation, its former principal, Ezat Rahimi, and its former attorney, Cassandra Armento. The SEC’s complaint had alleged that the defendants violated Section 5 of the Securities Act of 1933, by offering and selling the securities of several issuers without a filed or effective registration statement.

Without admitting or denying the allegations, Gendarme, Rahimi and Armento have each agreed to final judgments that enjoin them from any future violations of Section 5 of the Securities Act, and from participating in the issuance, offer, or sale of any security in an unregistered transaction except for purchases and sales of exchange-traded securities for their own, personal accounts. The Commission also dismissed its action against former defendant Ian Lamphere, due to his death in 2013.

For additional information, see Litigation Release No. 21798 (January 6, 2011)

 

http://www.sec.gov/litigation/litreleases/2014/lr23005.htm


Modified: 05/28/2014