U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19362 / September 6, 2005
Securities and Exchange Commission v. Rhino Ecosystems, Inc., et al., Case No. 02-80768-CIV-HURLEY/LYNCH (SD FL)
COURT ENTERS FINAL JUDGMENT OF PERMANENT INJUNCTION AGAINST DEFENDANT MARK WIERTZEMA
The Securities and Exchange Commission announced that on April 26, 2005, the Honorable Daniel T.K. Hurley of the United States District Court for the Southern District of Florida entered a Final Judgment of Permanent Injunction against Defendant Mark Wiertzema. The Final Judgment, entered with the consent of Wiertzema, enjoins him from further violation of Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder and from aiding and abetting violation of Section 13(a) of the Exchange Act and Rules 12b-20 and 13a-1, thereunder. Based upon Wiertzema's poor health and financial condition, the Commission is not seeking a civil money penalty.
The Commission alleged in its Complaint that Wiertzema and others made materially false and misleading statements and failed to disclose material information in filings with the Commission in violation of the federal securities laws.
For more information on earlier actions in this case, see Litigation Release No. 17685 (August 15, 2002); Litigation Release No. 19070 (February 9, 2005), and Litigation Release No. 19071 (February 9, 2005).