U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20072 / April 6, 2007
Securities and Exchange Commission v. GetAnswers, Inc., et al., Case No. 03-20048-CIV-KING/O'SULLIVAN (S.D. Fla.)
Court Enters Final Judgment Setting Civil Penalty Against Defendant Robert Cournoyer
Commission Dismisses Its Disgorgement Claim as to Relief Defendant Oceanmark Consulting Group, Inc.
The Securities and Exchange Commission announced that on December 15, 2006, the Honorable James Lawrence King, United States District Judge for the Southern District of Florida entered a Final Judgment ordering Defendant Robert Cournoyer to pay a civil penalty of $1,188,599.27. Previously on March 4, 2004, Cournoyer, without admitting or denying the allegations of the Commission's Complaint against him, consented to the entry of an order enjoining him from future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Sections 20(a), 15(a)(1) and 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment also barred Cournoyer from participating in any offering of a penny stock. In addition, because Cournoyer agreed to disgorge his ill-gotten gains to the court-appointed receiver, on March 3, 2004, the Commission's claim for disgorgement against him was dismissed with prejudice. Furthermore, the Commission dismissed its disgorgement claim as to Relief Defendant Oceanmark Consulting Group, Inc. on April 3, 2007.
For further information, see Litigation Release No. 17933 (January 15, 2003) and Litigation Release Nos. 20014 and 20015 (February 23, 2007)