Securities and Exchange Commission v. Eric J. EJ Dalius

CourtDistrict Court, C.D. California
DecidedJuly 19, 2023
Docket2:18-cv-08497
StatusUnknown

This text of Securities and Exchange Commission v. Eric J. EJ Dalius (Securities and Exchange Commission v. Eric J. EJ Dalius) is published on Counsel Stack Legal Research, covering District Court, C.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Securities and Exchange Commission v. Eric J. EJ Dalius, (C.D. Cal. 2023).

Opinion

JS-6 4

8 UNITED STATES DISTRICT COURT 9 CENTRAL DISTRICT OF CALIFORNIA 10 11 SECURITIES AND EXCHANGE Case No. 2:18-cv-08497-FWS-E 12 COMMISSION,

13 Plaintiff, Hon. Fred W. Slaughter 14 vs. FINAL JUDGMENT AS TO 15 DEFENDANT RYAN MORGAN ERIC J. “EJ” DALIUS, ET AL. 16 EVANS

Defendants. 17 18

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22 23 24 25 26 27 1 The Securities and Exchange Commission having filed a Complaint and 2 Defendant Ryan Morgan Evans having entered a general appearance; consented to 3 the Court’s jurisdiction over Defendant and the subject matter of this action; 4 consented to entry of this Final Judgment without admitting or denying the 5 allegations of the Complaint (except as to jurisdiction, his violation of Section 5 of 6 the Securities Act of 1933 [15 U.S.C. § 77e] as acknowledged in the Consent of 7 Ryan Morgan Evans and except as otherwise provided herein in paragraph VI); 8 waived findings of fact and conclusions of law; and waived any right to appeal 9 from this Final Judgment: 10 I. 11 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant 12 is permanently restrained and enjoined from violating, directly or indirectly, 13 Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) [15 14 U.S.C. § 78j(b)] and Rule 10b-5(b) promulgated thereunder [17 C.F.R. § 240.10b- 15 5(b)], by using any means or instrumentality of interstate commerce, or of the 16 mails, or of any facility of any national securities exchange, in connection with the 17 purchase or sale of any security: 18 (b) to make any untrue statement of a material fact or to omit to state a 19 material fact necessary in order to make the statements made, in the light of 20 the circumstances under which they were made, not misleading. 21 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 22 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 23 binds the following who receive actual notice of this Final Judgment by personal 24 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 25 attorneys; and (b) other persons in active concert or participation with Defendant 26 or with anyone described in (a). 27 1 II. 2 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED 3 that Defendant is permanently restrained and enjoined from violating Section 17(a) 4 of the Securities Act of 1933 (the “Securities Act”) [15 U.S.C. § 77q(a)] in the 5 offer or sale of any security by the use of any means or instruments of 6 transportation or communication in interstate commerce or by use of the mails, 7 directly or indirectly: 8 (2) to obtain money or property by means of any untrue statement of a 9 material fact or any omission of a material fact necessary in order to make 10 the statements made, in light of the circumstances under which they were 11 made, not misleading; or 12 (3) to engage in any transaction, practice, or course of business which 13 operates or would operate as a fraud or deceit upon the purchaser. 14 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 15 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 16 binds the following who receive actual notice of this Final Judgment by personal 17 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 18 attorneys; and (b) other persons in active concert or participation with Defendant 19 or with anyone described in (a). 20 III. 21 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED 22 that Defendant is permanently restrained and enjoined from violating Section 5 of 23 the Securities Act [15 U.S.C. § 77e] by, directly or indirectly, in the absence of any 24 applicable exemption: 25 (a) Unless a registration statement is in effect as to a security, making use 26 of any means or instruments of transportation or communication in 27 interstate commerce or of the mails to sell such security through the 1 use or medium of any prospectus or otherwise; 2 (b) Unless a registration statement is in effect as to a security, carrying or 3 causing to be carried through the mails or in interstate commerce, by 4 any means or instruments of transportation, any such security for the 5 purpose of sale or for delivery after sale; or 6 (c) Making use of any means or instruments of transportation or 7 communication in interstate commerce or of the mails to offer to sell 8 or offer to buy through the use or medium of any prospectus or 9 otherwise any security, unless a registration statement has been filed 10 with the Commission as to such security, or while the registration 11 statement is the subject of a refusal order or stop order or (prior to the 12 effective date of the registration statement) any public proceeding or 13 examination under Section 8 of the Securities Act [15 U.S.C. § 77h]. 14 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 15 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 16 binds the following who receive actual notice of this Final Judgment by personal 17 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 18 attorneys; and (b) other persons in active concert or participation with Defendant 19 or with anyone described in (a). 20 IV. 21 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED 22 that pursuant to Section 21(d)(5) of the Exchange Act [15 U.S.C. § 78u(d)(5)], 23 Defendant is permanently restrained and enjoined from offering, operating, or 24 participating in a pyramid scheme defined for purposes of this order as any 25 marketing or sales program wherein a participant is compensated or promised 26 compensation solely or primarily (a) for inducing another person to become a 27 1 participant in the program, or (b) if such induced person induces another to become 2 a participant in the program.1 3 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 4 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 5 binds the following who receive actual notice of this Final Judgment by personal 6 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 7 attorneys; and (b) other persons in active concert or participation with Defendant 8 or with anyone described in (a). 9 V. 10 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED 11 that Defendant is liable for disgorgement of $175,000, representing net profits 12 gained as a result of the conduct alleged in the Complaint, together with 13 prejudgment interest thereon in the amount of $52,129, and a civil penalty in the 14 amount of $111,614 pursuant to Section 20(d) of the Securities Act and Section 15 21(d)(3) of the Exchange Act. Defendant shall satisfy this obligation by paying 16 $338,743 to the Securities and Exchange Commission within 30 days after entry of 17 this Final Judgment.

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Securities and Exchange Commission v. Eric J. EJ Dalius, Counsel Stack Legal Research, https://law.counselstack.com/opinion/securities-and-exchange-commission-v-eric-j-ej-dalius-cacd-2023.