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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19204 /April 27, 2005

Securities and Exchange Commission v. Frederick David Jones and Mark Godden, Civil Action No.1:04-CV-4385 (S.D.N.Y. filed June 11, 2004)

FREDERICK DAVID JONES SETTLES INSIDER TRADING CHARGES

The Securities and Exchange Commission announced that on April 21, 2005, the Honorable Robert W. Sweet, United States District Judge for the Southern District of New York signed the Final Judgment of Permanent Injunction and Other Relief against Defendant, Frederick David Jones. The Final Judgment, entered with Jones' consent, enjoins him from violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5. In addition to injunctive relief, the Final Judgment orders Jones to pay disgorgement in the amount of $52,750, plus prejudgment interest in the amount of $16,996 and a civil penalty in the amount of $79,125.

The Final Judgment was entered in an action that the Commission previously had brought against Jones and Mark Godden for engaging in insider trading in the stock of Gerber Scientific, Inc. The Commission's action against Godden is continuing. For further information, see Litigation Release No. 18742 (June 10, 2004).


http://www.sec.gov/litigation/litreleases/lr19204.htm


Modified: 04/27/2005