U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18937 / October 22, 2004
SECURITIES AND EXCHANGE COMMISSION V. SUPERIOR OPPORTUNITIES, INC., J.F. SIMMS & CO., LLC, WILLIAM J. HICKEY, SEAN A. OSBORNE AND JON F. SIMMS, CASE NO. 04-80021-CIV-HURLEY/HOPKINS (SD Fla.)
JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS WILLIAM J. HICKEY, SEAN A. OSBORNE AND JON F. SIMMS
The Securities and Exchange Commission ("SEC") announced that on October 5, 2004, the United States District Court for the Southern District of Florida entered Judgments of Permanent Injunction and Other Relief ("Judgments") against Defendants William J. Hickey ("Hickey"), Sean A. Osborne ("Osborne") and Jon F. Simms ("Simms"), respectively. The Judgments, entered with the consent of Hickey, Osborne and Simms, without admitting or denying the allegations of the SEC's Complaint, enjoin them from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933. The Judgment against Simms also enjoins him from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to injunctive relief, the Judgments provide for disgorgement, prejudgment interest and the imposition of civil penalties in amounts to be reached by agreement of the parties and/or by the Court upon the SEC's motion.
For further information, see Litigation Release No. 18545 (January 16, 2004).