Litigation Release No. 23722 / January 19, 2017

Securities and Exchange Commission v. Cort Poyner et al., Civil Action No. 13 Civ. 4331 (SJ) (E.D.N.Y.)

Stock Promoters Charged with Market Manipulation Settle SEC Action

On December 30, 2016 and January 17, 2017, the Honorable Sterling Johnson, Jr., U.S. District Judge for the Eastern District of New York, entered final judgments against Cort Poyner and Mohammad Dolah, both defendants in an SEC action alleging that they engaged in a fraudulent broker bribery scheme designed to manipulate the market for the common stocks of Resource Group International, Inc. and Gold Rock Resources Inc.

The judgments permanently enjoin Poyner and Dolan from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and impose penny stock bars on each defendant.

For further information, see Litigation Release No. 22771 (August 6, 2013).