Brandmakers, Inc. and Gary F. Labrozzi
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19432 / October 18, 2005
SECURITIES AND EXCHANGE COMMISSION v. BRANDMAKERS, INC. AND GARY F. LABROZZI, Civil Action No. 1:05CV02038 (D.D.C.)
Brandmakers, Inc. and CEO Gary F. Labrozzi Settle Delinquent Filings Charges
On October 18, 2005, the Securities and Exchange Commission filed a complaint in the United States District Court for the District of Columbia against Brandmakers, Inc. and its CEO, Gary F. Labrozzi, alleging that Brandmakers violated a Commission cease-and-desist order by filing none of its required periodic reports with the Commission since the period ending March 31, 2003. The complaint also alleges that Labrozzi failed to timely file, from November 2004 to August 2005, numerous required reports and schedules disclosing his respective purchases, sales, and holdings of the equity securities of Brandmakers amounting to thirty percent of the company's stock. Without admitting or denying the allegations in the complaint, Brandmakers, subject to the Court's approval, consented to the entry of a final judgment that permanently enjoins it from any violations of Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1, 13a-11, and 13a-13 thereunder, and Gary F. Labrozzi, subject to the Court's approval, consented to the entry of a final judgment that: (1) permanently enjoins him from any violations of Exchange Act Section 13(a) and Rules 13a-1, 13a-11, and 13a-13 thereunder as a control person or as a person who aids and abets such violations pursuant to Exchange Act Section 20; (2) permanently enjoins him from any violations of Exchange Act Sections 13(d) and 16(a) and Rules 13d-1, 13d-2, 16a-2 and 16a-3 thereunder; and (3) imposes a $10,000 civil money penalty against him.
