Securities And Exchange Commission v. Strauss

Filing 26

ORDER ADOPTING REPORT AND RECOMMENDATIONS ; Motions terminated: 22 REPORT AND RECOMMENDATIONS re 20 MOTION Imposition of A Penny Stock Bar Against Defendant Stephen M. Strauss filed by Securities And Exchange Commission, 25 REPORT AND RECOM MENDATIONS re 23 MOTION RENEWED MOTION FOR IMPOSITION OF A PENNY STOCK BAR filed by Securities And Exchange Commission, 23 MOTION RENEWED MOTION FOR IMPOSITION OF A PENNY STOCK BAR filed by Securities And Exchange Commission, 20 MOTION Imposition of A Penny Stock Bar Against Defendant Stephen M. Strauss filed by Securities And Exchange Commission.; denying 20 Motion ; adopting Report and Recommendations re 22 Report and Recommendations.; denying 23 Motion ; adopting Report and Recommendations re 25 Report and Recommendations.. Signed by W. Allen Pepper on 8/22/2011. (pls)

UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF MISSISSIPPI
DELTA DIVISION
SECURITIES AND EXCHANGE COMMISSION
VS.

PLAINTIFF

CIVIL ACTION NO. 2:08CV-0206-WAP-DAS

STEPHEN M. STRAUSS

DEFENDANT

ORDER ADOPTING REPORTS AND RECOMMENDATIONS
On consideration of the file and record of this action, the Court finds that the Reports and
Recommendations of the United States Magistrate Judge dated April 20, 2011 and May 19, 2011, were
duly served upon the plaintiff; that more than fourteen days have elapsed since service of said Reports
and Recommendations; and that no objection thereto has been filed or served by any party. The Court
is of the opinion that the magistrate judge's Reports and Recommendations should be approved and
adopted as the opinions of the Court. It is, therefore
ORDERED:
1. That the Reports and Recommendations of the United States Magistrate Judge dated April 20,
2011 and May 19, 2011 are hereby approved and adopted as the opinions of the Court.
2. That the SEC’s Motion for Imposition of a Penny Stock Bar (# 20) and Renewed Motion for
Imposition of a Penny Stock Bar (# 23) are hereby DENIED. However, the SEC shall have 30 days
from this date to reurge its request for imposition of a penny stock bar.
3. That the SEC shall submit a proposed final judgment to the court within 30 days of this date.
THIS, the 22nd day of August, 2011.

/s/ W. Allen Pepper, Jr.
W. ALLEN PEPPER, JR.
UNITED STATES DISTRICT JUDGE