Securities and Exchange Commission v. City of Victorville et al, No. 5:2013cv00776 - Document 602 (C.D. Cal. 2018)

Court Description: FINAL JUDGMENT AS TO DEFENDANT JANEES WILLIAMS by Judge John A. Kronstadt. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined. 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. (SEE ATTACHMENT OF THIS FINAL JUDGMENT FOR FURTHER INFORMATION). (jp)

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Securities and Exchange Commission v. City of Victorville et al Doc. 602 1 2 3 4 5 6 7 8 9 10 UNITED STATES DISTRICT COURT 11 CENTRAL DISTRICT OF CALIFORNIA 12 13 WESTERN DIVISION 14 SECURITIES AND EXCHANGE COMMISSION, 15 Plaintiff, 16 17 20 21 FINAL JUDGMENT AS TO DEFENDANT JANEES WILLIAMS vs. CITY OF VICTORVILLE, et al., 18 19 Case No. ED CV13-00776-JAK (KKx) JS-6: Janess Williams Only Defendants, and KND HOLDINGS, INC., Relief Defendant. 22 23 24 25 26 27 28 Dockets.Justia.com 1 The Securities and Exchange Commission having filed a Complaint and 2 Defendant Janees Williams having entered a general appearance; consented to the 3 Court’s jurisdiction over Defendant and the subject matter of this action; consented to 4 entry of this Final Judgment without admitting or denying the allegations of the 5 Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; 6 and waived any right to appeal from this Final Judgment: 7 8 I. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is 9 permanently restrained and enjoined from aiding and abetting violations of Section 10 10(b) of the Securities Exchange Act (the “Exchange Act”) [15 U.S.C. § 78j(b)] and 11 Rule 10b-5(b) promulgated thereunder [17 C.F.R. § 240.10b-5(b)], by using any 12 means or instrumentality of interstate commerce, or of the mails, or of any facility of 13 any national securities exchange, in connection with the purchase or sale of any 14 security, to make any untrue statement of a material fact or to omit to state a material 15 fact necessary in order to make the statements made, in the light of the circumstances 16 under which they were made, not misleading. 17 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 18 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 19 binds the following who receive actual notice of this Final Judgment by personal 20 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 21 attorneys; and (b) other persons in active concert or participation with Defendant or 22 with anyone described in (a). 23 24 II. IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that 25 Defendant is permanently restrained and enjoined from aiding and abetting violations 26 of Section 15B(c)(1) of the Securities Exchange Act (the “Exchange Act”) [15 U.S.C. 27 § 78o-4 and MSRB Rule G-17 by making use of the mails or any means or 28 instrumentality of interstate commerce to provide advice to or on behalf of a 1 1 municipal entity or obligated person with respect to municipal financial products, the 2 issuance of municipal securities, or to undertake a solicitation of a municipal or 3 obligated person in contravention of MRSB Rule G-17, which requires brokers, 4 dealers, municipal securities dealers, and municipal advisors, in the conduct of its 5 municipal securities or municipal advisory activities, to deal fairly with all persons 6 and to not engage in any deceptive, dishonest, or unfair practice. 7 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as 8 provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also 9 binds the following who receive actual notice of this Final Judgment by personal 10 service or otherwise: (a) Defendant’s officers, agents, servants, employees, and 11 attorneys; and (b) other persons in active concert or participation with Defendant or 12 with anyone described in (a). 13 III. 14 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that 15 the Consent is incorporated herein with the same force and effect as if fully set forth 16 herein, and that Defendant shall comply with all of the undertakings and agreements 17 set forth therein. 18 19 IV. IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that 20 this Court shall retain jurisdiction of this matter for the purposes of enforcing the 21 terms of this Final Judgment. 22 V. 23 There being no just reason for delay, pursuant to Rule 54(b) of the Federal 24 Rules of Civil Procedure, the Clerk is ordered to enter this Final Judgment forthwith 25 and without further notice. 26 27 28 Dated: July 24, 2018 ____________________________________ JOHN A. KRONSTADT UNITED STATES DISTRICT JUDGE 2

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