Free Judgment - District Court of Arizona - Arizona

1 2 3 4 5 6 7 8 Securities and Exchange Commission, 9 Plaintiff, 10 vs. 11 12 13 and 14 15 16 17 18 19 20 21 The Securities and Exchange Commission having filed a Complaint and Defendant Thomas T. Emerton, III ("Defendant") having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this AGREED JUDGMENT AS TO DEFENDANT THOMAS T. EMERTON, III Oyate Development, Inc.; et al. Defendants Solely for Purposes of Equitable Relief. U. S. Reservation Bank & Trust; et al. Defendants, Agreed Judgment as to Defendant Thomas T. Emerton, III Case No. CIV-02-0581 PHX (EHC) IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA PHOENIX DIVISION

Agreed Judgment as to Thomas T. Emerton, III SEC vs. U. S. Reservation Bank & Trust, et al.

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action; consented to entry of this Agreed Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction): I. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendant's agents, servants, employees and all persons in active concert or participation with them who receive actual notice of this Agreed Judgment by personal service or otherwise are permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 [15 U.S.C. §78j(b)] and Rule 10b5 promulgated thereunder [17 C.F.R. §240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security: (a) (b) to employ any device, scheme, or artifice to defraud; to make any untrue statement of a material fact or to omit to state a

material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or (c) to engage in any act, practice, or course of business which operates

or would operate as a fraud or deceit upon any person. II. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendant's agents, servants, employees and all persons in active concert or participation with them who receive actual notice of this Agreed Judgment by personal service or otherwise are permanently restrained and enjoined from violating Section 17(a) of the
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Securities Act of 1933 ("Securities Act") [15 U.S.C. §77q(a)] in the offer or sale of any security by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly: (a) (b) to employ any device, scheme, or artifice to defraud; to obtain money or property by means of any untrue statement of a

material fact or any omission of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or (c) to engage in any transaction, practice, or course of business which

operates or would operate as a fraud or deceit upon the purchaser. III. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendant's agents, servants, employees and all persons in active concert or participation with them who receive actual notice of this Agreed Judgment by personal service or otherwise, and each of them, are restrained and enjoined from directly or indirectly, engaging in the business of effecting transactions in securities, in the form of investment contracts, or any other security, for his own account or for the account of others, while making use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, banker's acceptances, or commercial bills) unless Defendant is registered as a broker or dealer in accordance with Section 15(b) of the Exchange Act [15 U.S.C. §78o(b)] and all applicable rules
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promulgated thereunder or is otherwise exempt from registration under Section 15(a)(1) of the Exchange Act [15 U.S.C. §78o(a)(1)]. IV. Upon motion of the Commission, the Court shall determine whether it is appropriate to order disgorgement of ill-gotten gains and/or a civil penalty pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)] and, if so, the amount(s) of the disgorgement and/or civil penalty. If disgorgement is ordered, Defendant shall pay prejudgment

interest thereon, calculated from March 1, 2000, based on the rate of interest used by the Internal Revenue Service for the underpayment of federal income tax as set forth in 26 U.S.C. § 6621(a)(2). V. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is incorporated herein with the same force and effect as if fully set forth herein, and that Defendant shall comply with all of the undertakings and agreements set forth therein. VI. ORDERED, ADJUDGED, AND DECREED that this Court shall retain

IT IS FURTHER

jurisdiction of this matter for the purposes of enforcing the terms of this Agreed Judgment.

Agreed Judgment as to Thomas T. Emerton, III SEC vs. U. S. Reservation Bank & Trust, et al.

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VII. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Agreed Judgment forthwith and without further notice.

DATED this 2nd day of November, 2006.

Agreed Judgment as to Thomas T. Emerton, III SEC vs. U. S. Reservation Bank & Trust, et al.

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