Nevada Attorney Penalized for Role in Unregistered Securities Offerings

Litigation Release No. 24034 / January 25, 2018

Securities and Exchange Commission v. Robert L. Sonfield, Jason Landess, et al., No. 08-cv-2351 (S.D. Tex. Filed July 29, 2008)

On July 28, 2016, the Honorable Lynn N. Hughes of the U.S. District Court for the Southern District of Texas entered a final judgment against a Nevada attorney and several other defendants for their role in unregistered securities offerings.

The attorney, Jason Landess, and another defendant, Robert Sonfeld, without admitting or denying the allegations in the SEC’s complaint, consented to the entry of a final judgment imposing a $25,000 and $6,500 penalty, respectively. The court also entered a default judgment against Roger Brewer and Marc Lane, holding them jointly and severally liable for disgorgement of $2,761,953.01 and prejudgment interest of $3,643,648.17 and imposing a $100,000 penalty against each. The court also enjoined Brewer and Lane from participating in the offering of penny stocks.

The court’s entry of judgment resolves this litigation in its entirety.