Securities and Exchange Commission v. Lek Securities Corporation et al

Filing 575

ORDER: Accordingly, it is hereby ORDERED that the SEC shall serve on the Defendants a proposed final judgment by March 27, 2020. Any objections to the proposed final judgment shall be served on the SEC by April 3. The parties shall file a joint proposed final judgment by April 10. SO ORDERED. (Signed by Judge Denise L. Cote on 3/20/2020) (kv)

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
-----------------------------------SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
-vLEK SECURITIES CORPORATION, SAMUEL
LEK, VALI MANAGEMENT PARTNERS dba
AVALON FA LTD, NATHAN FAYYER, and
SERGEY PUSTELNIK,
Defendants.
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17cv1789 (DLC)
ORDER

DENISE COTE, District Judge:
On November 12, 2019, following a trial, a jury found that
Nathan Fayyer, Sergey Pustelnik, and Vali Management Partners
dba Avalon FA LTD (collectively, the “Defendants”) violated
several anti-fraud and anti-manipulation provisions of the
Securities Exchange Act of 1934 (“Exchange Act”) and the
Securities Act of 1933 (“Securities Act”).

On December 20,

2019, the Securities and Exchange Commission (“SEC”) submitted
its Motion for Judgment Including Remedies.
fully submitted on February 7, 2020.
SEC’s motion was granted in part.

The motion became

On March 20, 2020, the

Accordingly, it is hereby

ORDERED that the SEC shall serve on the Defendants a
proposed final judgment by March 27, 2020.

Any objections to

the proposed final judgment shall be served on the SEC by April

3.

The parties shall file a joint proposed final judgment by

April 10.
SO ORDERED:
Dated:

New York, New York
March 20, 2020
__________________________
DENISE COTE
United States District Judge

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