Securities and Exchange Commission
Litigation Release No. 17807 / October 25, 2002
U.S. Securities and Exchange Commission v. Joseph Sidoryk, Gary L. Camp, Todd Camp and Thomas J. Siska, U.S. District Court for the Northern District of Illinois, Civil Action No. 02C-5206 (JWD/SIS) (July 23, 2002).
The U.S. Securities and Exchange Commission ("Commission") announced that on October 23, 2002, the Honorable Judge John W. Darrah of the United States District Court for the Northern District of Illinois entered an Order of Permanent Injunction against Joseph Sidoryk ("Sidoryk"), Director of Strategic Accounts at Three-Five Systems, Inc. ("Three-Five") and primary liaison to Motorola, Inc. ("Motorola"), and a resident of Elmhurst, Illinois, Gary L. Camp ("Gary Camp"), a resident of Rock Island, Illinois, Todd Camp, a resident of Elmhurst, Illinois and Thomas J. Siska ("Siska"), a resident of Norridge, Illinois. Sidoryk, Gary Camp, Todd Camp and Siska consented to the entry of the Order without admitting or denying the allegations of the Complaint. The Order was based on the Commission's Complaint, filed on July 23, 2002, which alleged that Sidoryk, Gary Camp, his father-in-law, Todd Camp, his brother-in-law, and Siska, his friend, engaged in insider trading in the stock of Three-Five, while in possession of material, non-public information.
Specifically, the Order permanently enjoins Sidoryk, Gary Camp, Todd Camp and Siska from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Order also requires: (1) Sidoryk to pay disgorgement of $25,559.94, prejudgment interest of $4,020.62, and a civil penalty of $45,159.94; (2) Gary Camp to pay a civil penalty of $14,850.00; (3) Todd Camp to pay disgorgement of $15,343.75, plus prejudgment interest of $2,916.07, and a civil penalty of $15,343.75; and (4) Siska to pay disgorgement of $4,256.25, prejudgment interest of $609.16, and a civil penalty of $4,265.25.
The Commission wishes to acknowledge and thank the New York Stock Exchange, Market Surveillance Program for their assistance in this matter.