Securities and Exchange Commission v. Curshen et al

Filing 162

FINAL JUDGMENT Against the Ronny Morales Salazar. Signed by Senior Judge James Lawrence King on 6/1/2012. (jw)

U NI
TED STA TES D I
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SOU TH ERN DISTRI OF FLORI
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: 1 c 20561 K l G
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SECURI ES AND EXCH AN GE COM M I ON ,
TI
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Pl ntf ,
ai if

JON ATH AN R.CU RSHEN ,
MI
CHAEL S.K ROM E,
DA VI C.RI ,
D
CCI
RON NY M O RALES SALA ZAR,
ROBERT L.W EI
DEN BA UM ,
A RI (ERI 'W Em BAU M ,and
AV I C'
YI
TZCHA K ZI ON a k! I
GD
l a ZHA CK ZI
GDON ,
D ef
endant
s.

:

FI A L JUD G M EN T A G A I ST
N
N
RONNY M OM LES SALAZAR
TH I CA USE com esbef e t Cour on consi raton ofpl ntf Securtes a
S
or he
t
de i
ai if
ii nd

Exc n Commiso smoinpuru tt Rul 55( oft Fe r RulsofCi lPr e e
ha ge
sin' to san o e b) he deal e
vi oc dur

frdea tudg ntag i tdee da Ron MorlsSaa a .TheClr e trdadea t
o fulj me ans fn nt ny ae lz r
ek nee
ful
agai tSal on Febr ry 1,2012. A fera car ulr vi oft r d and t Cour bei
ns azar
ua
t
ef e ew
he ecor
he
t ng
ot
henvi f l advied,i i
se uly
s ts
1.

ORDERED,ADJUD GED AND DECREED t tFi J
ha nal udgm entbe,and t s e i
he am s
her ENTERED i f
eby,
n avorofPl ntf Securtes and Exchange Comm i i and agai t
ai if
ii
sson
ns
def
endantRonny M or esSalzar
al
a .

II.

ORDERED,ADJ GED , D DECREED t tSa a a a hi a nt ,s r a t ,
UD
AN
ha l z r nd s ge s e v n s
e pl e , to ne , nd a I r ons i a tve c e torp tc pa i w ih t e who r c v
m oye s a t r ys a l pe s n c i onc r
ari i ton t h m
e ei e
a t lno i e oft s Fi al udg e by pe s na s r c orot nvie a e pe m a nty r s r n
c ua tc
hi n J m nt
r o l e vi e
he s r r ne l e tai ed

a de j ie fo voaig drcl o idrcl, e t n 1 ( )o teSe u ie Ex h n eAc
n non d rm ilt , ie t r n ie ty S ci 0b fh c rt s c a g t
n
y
o
i
of1 (he( ha eAc'( 5U. C.j78( Ja dRul 1 5pomul tdt rund (7
934 t d
Exc ng t' 1 S.
)
jb) n e 0b- r gae hee er l
C. R.j240.0b51 b usnga mea sori tume t ofi esaeco re o oft mal,
F.
1 - , y i ny n nsr ns ntrtt mmec , r he is
orofany f lt ofany natonals ii excha
aciiy
i
ecurtes
nge,i connecton w ih t pur e ors e of
n
i
t he chas
al

a y s c rt .
n e u iy'

()t e oya de c s he o atfc t derud;
a o mpl ny vie, c me r riie o fa
( t ma a u r esae ntofamaeilfc ort omit saeamaeilfc
b) o ke ny ntu ttme
tra a t o to tt
tra a t
ne es a y i o de t m a e t e sa e e s m a ,i t lg oft c r um s a e u rwhi h
c s r n r r o k h t t m nt de n he i ht he ic t nc s nde
c
t e we e m a ,n m i ladi or
h y r de ot se ng;

( ) t e gei a a t pr c ie orc r eofbusn swhih o r t sorwoul o r t
c o nga n ny c , a tc , ou s
ies c pe a e
d pe ae
asa faud ordecei upon any per on.
r
t
s
11
1.

ORDERED,ADJ GED AN D DECREED t tSa a a a hi a n s s r a s
UD
ha l z r nd s ge t , e v nt ,
e pl e ,a t ne , nd a 1pe s i a tv c e torpari i ton w ih t em who r c ve
m oye s tor ys a 1 r ons n c i e onc r
tc pa i
t h
e ei
a t lno i e oft sFi J m e by pe s na s r c orot r ie a e pe m a nty r s r i ed
c ua tc
hi nal udg nt
r o l e vi e
he w s r r ne l e t a n

a de j ne fom vi ai die tyo i rcl Seton l a ofteSe urte Ac of1 3
n noi d r
oltng, rcl r ndiety, ci 7() h c iis t 93
(hed c ii Ac'(5U. C.j7 aJ byusnga me nsori tu nt ofitrtt
t t urtes t' 1 S. 7q(), i ny a
se
)
nsr me s nesae
c m e c oroft e m ais oro a f ciiy ofa na i ls c ii s e ha ,i t of e or
om r e,
h
l , f ny a lt
ny tona e urte xc nge n he f r
s e ofa securt
al
ny
iy:

( t e oyan de c ,she oratfc t deru
a) o mpl y vie c me riie o fa d;

() t obanmon yorpr rybyme nsofa yuntuesae tofamaeilfc or
b o ti
e
opet
a
n r ttmen
tra a t
a y om i son t s a e a m a e i lf c ne e s r i or rt m a e t sa em e t m a e, n lg of
n
si o tt
t ra a t c s a y n de o k he t t n s d i i ht
t c r u sa sund rwhi h t y we e m a , m i l a ng;or
he ic m t nce
e
c he
r de not s e di

() t e ag i a ta aci prcie, c ureofbusnes whihopeaesorwo d
c o ng e n ny rns ton, atc or o s
i s c rt
ul
o r t a a fa orde ei u t pur ha e .
pe a e s r ud
c t pon he c s r
IV.

ORD ERED , DJ
A UDG ED AND D ECREED t tSal a a d hi a n s s r nt ,
ha az r n s ge t , e va s

e oy s a t ne , ndal pe s i a tvec e to pa tci tonwih t m who r c i
mpl ee , tor ys a
1 rons n ci onc r r ri pai
t he
e eve
a t notceoft s Fi lJ m e by pe s ls v ceorot r ie a e pe m a nty r sr i d
cual i
hi na udg nt
r ona er i
he w s r r ne l e ta ne

a e j ne fom vi ai Se to 5o t Sec rte Ac (5U. C.j77e by, rcl o
nd noi d r oltng cin f he u iis t l S.
) die ty r
i r c l i t e a e ce ofa a i a e e m p i
ndie ty, n h bs n
ny pplc bl xe ton:

() unls argitainsae nti i efc a t asc iy, ki us ofa me ns
a es e srto ttme s n fe t s o e urt ma ng e ny a
ori tum e soft a pora i o c m uni ton i i t r t t co m e ce o oft m a l t s l
nsr nt r ns t ton r om
ca i n n e sa e m r r he is o el
s s iy t ough t useorm edi ofany pr pect orot wi e;
uch ecurt hr
he
um
os us
her s

( unls argitai sae nti i efc a t asc iy, ryi orc usn t be
b) e s e srton ttme s n fe t s o e urt car ng a ig o
c r i d t r h t m a l ori i t sa e c m e c by a m e nsori tu e sof
a re h oug he is n n er t t om r e, ny a
ns r m nt
tans t i any such securt f t pur e ofs e orf delver afersal or
r poraton,
iy or he pos
al
or i y t
e;

() ma ngus o a me nsori tume softa porai o c
c ki e f ny a
nsr nt rns tton r ommuniai i
c ton n
i t sa e c m e c oroft m a l t ofe t s l orof e t buy t ough t e us o m e um of
n er t t om r e
he is o f r o e l
fr o
hr
h e r di
a pr p c usorot r ie a s c iy,u es ar sr ton s a e e ha be n f ld w ih t
ny os e t
he w s ny e urt nl s egita i t t m nt s e ie t he
Securtesand Exchange Com m i si ast suc securiy,orwhie t regitaton st ementi
ii
s on o h
t
l he
sr i at
s

t s be tofarf a or orsopode o ( i t t efe tvedaeoft rgitain
he u jc
eus l der t r r r pror o he fci t he e srto

sae n)a p i pr e di ore mi tonun rSe ton8ofteSe rte Ac g5
ttme t ny ublc oc e ng xa nai de ci
h cu iis t 1

U. C.j7 .
S. 7hJ

ORDERED,ADJ GED AN D DECREED t tSa a a i p r an nty b r e fom
UD
ha l z r s e m e l a r d r
pa tc pa i i a of e i ofpe soc i l ng e gi i a tvii sw i abr r de l r
ri i tng n n f rng
nny t k, nc udi nga ng n c i te t
h
oke , a e ,
oris rf rpur e ofis ng ta ng ori i g ora t m ptng t i et pu c s o s l
s ue o
pos s s ui , r di
nduc n
te i o nduc he r ha e r a e
ofa pe ny s o k. A pe ny s o i a e t s c iy t a hasa prce ofl s t n fv dola s
ny n t c
n t ck s ny quiy e urt h t
i
e s ha l e l r ,

e e a pr d i Rul 3a - u rt Exc geAc (7C. R.j240. 1 1.
xc pt s ovied n e 511 nde he han
t 1 F.
3a5 -1
V I.

ORD ERED , DJ DGED AND D ECREED t a Salza i la e f rdi g ge e to
A U
h t a r s i bl o s or m n f

$5, 0, e e e tngpr isg i d a ar s to t c uc alge i t Compl n , og t r
00 r pr s n i oft ane s e ul f he ond t le d n he
ait t ehe

wihprj
t eudgme i eett roni t amo of$1378,orattlof$ 378.Saa a s l
ntntrs hee n he unt , f oa 6,
lz r hal
s tsyt soblgai by pa ng$6,78wihi f ree da a tre r oft sFi lJ m e t
a if hi i ton
yi
3
t n ou t n ys fe nty hi na udg nt o
t Clr oft sCour, o t rwih ac rlteri ntf ng Saa a asade e a i t s
he ek hi
tt gehe t ove et de iyi
lz r
f nd nt n hi
a to s ti f t t ttea cviaci numbe oft sa ton a d t na oft sCour;
c in; etng orh he il nd i l ton
r hi ci n he me hi
t
and s f ng t paym enti m ade pur uantt t sFi J
peciyi hat
s
s
o hi nal udgm ent Sal s l
. azar hal

sm ula ousy t a m i phot o e ofs h pa e a l te t t Comm i son' c
i t ne l r ns t
oc pi s uc ym nt nd e t r o he
s i s ouns li
e n
t sa to By m a ng t spa m en ,Sa a a r lnquihe a ll gal nd e t e rg ,tte a
hi c i n.
ki hi y t l z r e i s s l e a quiabl i ht il nd
i e e ti s ch f ,a d no pa t t f
nt r s n u unds n
r of he undss lbe r t r d t Salza . The Clr s al
hal e u ne o a r
ek h l
de tt f
posi he undsi o an i er t bearng accountwih t Cour Regit y I t entSys e
nt
nt es - i
t he
t
s r nves m
tm

(( S')ora ot rtpeofi ee tbe rnga ou t ti utl dbyt Cout The ef ,
(
CRl ' ny he y
ntrs- ai cc ntha s ii
ze
he r. s unds
t eh rwiha i eeta di omee r dt ron( lci y,heçFund', h lbeh d i
og te t ny ntrs n nc
ane hee cole tvel t d ' s al el n
)

t i eetb arnga c tu ifrhe or roft Cour.I a c da ewih28U. C.j
he ntrs- e i c oun ntl u t r de he
t n c or nc t
S.
1 4 a t e g de i s s tb t D ie t oft e A dm i s r tve Ofi e oft Unie St t s
91 nd h ui lne e y he r c or h
nita i
fc
he t d a e
Cou t,t Clr i die t d, ihou f t ro de oft sCou t t de uc fom t i om e
r s he e k s r c e w t t urhe r r hi
r , o d t r he nc
e r on t m one i t e Fu a f e e ual o t pe c ntoft i o e e r d o t Fund.
a ned he
y n h nd e q t en r e
he nc m a ne n he
Su h f e s l note e d t ta horz d by t J c a Conf r e o t Unie St t s
c e ha l
xc e ha ut i e
he udi i l
e enc f he t d a e .

Saa rs lpa pos-udg nti ees ona dei en a nt puru ntt 28U. C.
lza hal y tj me ntr t ny lnqu t mou s s a o
S. j
1961.
V11.

ORDERED ,ADJ GED AND D ECREED t tSa a rs l pay a ci lpe aly i t
UD
ha lza ha l
vi n t n he

a to $1 0, 0purua tt Se to 20d)o t Se urte Ac a Se ton21d ( oft
moun f 3 00 s n o cin ( f he c iis t nd ci ()3) he
Ex ha geAc g5U. C.jj77( ,78 d( ) Saa a s lma et spa ntwihi f te
c n
t 1 S.
td) u()3), lz r hal k hi yme t n oure n
d ys a t re r oft sFi J m e by c rii d c c ba c s er sc c o Unie S a es
a fe nty hi nal udg nt e tfe he k, nk a hi ' he k, r t d t t
po t lm one or rpa bl t t Se u ii sa Exc ng Co m i son.The pa e s l be
sa
y de ya e o he c rte nd
ha e m s i
ym nt ha l

dei r dormald t t OfieofFi ncal a ge t Se urtesa Exc ng
lve e
ie o he fc
na i M na men , c ii nd ha e
Com m i son,l F Stee , . , op 60 W a hi on, . 205 a s l be a c pa e
s i 00
r t N E. St
42, s ngt D C. 49, nd ha l c om ni d
by a l te i ntf ng Sa a ra a de e nti t sac i s ti f t t tte a ci la ton
e tr de iyi
l za s
f nda n hi ton; e tng orh he il nd vi c i
n be oft sa ton a t na e oft s Cour;a s c f ng t tp m e ti m a pur ua t
um r hi c i nd he m
hi
t nd pe iyi ha ay n s de s n

t t sFialJ me .Saa a s lpa pos-udg ntitr tona ydelnq nta uns
o hi n udg nt lz r hal y t me nees n i ue mo t
j
pus a t 28U. C.j1 .Th Commisons lrmit f ndspadpurua t t s
ru nto
S.
961 e
si hal e t he u
i s nto hi
pa a r ph t t U nie St t sTr a u y.
r g a o he t d a e e s r
V II
l.

ORDERED, UDGED a DECREED ta t i Co r s al eanj rs it o t i
ADJ
nd
h t h s u t h lr ti u id ci f h s
on
m at rf t pur esofenf cng t e tr soft t sFi J
te or he pos
or i h e m
he hi nal udgme .
nt

Theeb i gn j s ra o f rd ly, u s a t oRue5 ( o t eFe e a Rulso Cii
r en o u t e s n o ea p ru n t l 4b) f h d r l e f v l
Pr ce e t Clr i or r t e e t sFi lJ
o dur , he e k s de ed o ntr hi na udgmentf t t a wihoutf t rnotc
orhwih nd t
urhe i e.
DONE AND ORDERED i Cha r a t J m e La e eKi Fe r lJ tc
n
mbe s t he a s wr nc ng de a usi e
Buidi a Unie Stt sCourhous i M i mi Fl i t s 1l y ofJ
l ng nd t d ae
t e n a , orda hi Sda
une, 2.
201
t

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