U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19361 / September 6, 2005
Securities and Exchange Commission v. COI Solutions, Inc., et al., Case No. 02-80767-CIV-HURLEY/LYNCH (SD FL)
COURT ENTERS DEFAULT JUDGMENT OF PERMANENT INJUNCTION AGAINST DEFENDANT ROBERT WILDER AND ORDERS HIM TO PAY A CIVIL MONEY PENALTY OF $110,000
On March 30, 2005, the Honorable Daniel T.K. Hurley of the United States District Court for the Southern District of Florida entered a default judgment of permanent injunction against Defendant Robert Wilder. The Court found that Defendant Wilder violated Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5, thereunder. In addition to injunctive relief, the judgment provided for the imposition of a civil penalty. On June 30, 2005, the Honorable Daniel T. K. Hurley ordered Wilder to pay a civil money penalty in the amount of $110,000.
In its Complaint the Commission charged Defendant Wilder and others with filing materially false and misleading statements and failing to disclose material information in filings with the Commission in violation of the federal securities laws.