SEC赢得责任裁决V. 800AMERICA.COM。校长 - 投资者律师博客 - 2006年12月18日

SEC（证券交易委bob200体育员会）在其诉讼中获得了简易判决，指控800AMERICA.com Inc.的校长是一家假定的互联网零售合资企业，有证券欺诈和其他违法行为。但是，法官拒绝对SEC想要的全部范围内对Tillie Ruth Steeples（校长）施加惩罚。责任裁决是在纽约南部地区美国地方法院发布的。除了同意并命令SEC的270万美元撤销请求外，法院同意在尖顶上强加一分钱的股票酒吧，但在她入狱后仅五年。

In a reverse merger in July 1999, a publicly registered shell company called World House Entertainment issued 1 million shares of restricted common stock to acquire all of the outstanding common and issued stock of 800America Inc. The shell company was controlled by Rabi and Steeples. They renamed 800America Inc. to 800America.com Inc.
800america.com声称自己是一家互联网零售商，出售衣服并与其他互联网零售商联系在一起。它的普通股是在柜台公告板上交易，并在SEC注册。

该委员会声称，尖顶是800AMerica.com的另一个未公开的控制人员。据称，互联网零售商人为地发表了财务报表，并拒绝了有关拉比和尖顶的犯罪记录的信息，以吸引投资者。尖顶否认曾在这个位置任职。

According to the SEC, however, Steeples and Rabi sold shares to the public through Internet brokerage accounts-even though, as the control persons, they were forbidden to-under Steeples’ name and the names of 13 people who did not even know that these accounts existed.

法院否认了尖顶的解雇动议。

What the Court Said:

· Collateral estoppel bars Steeples from litigating the 1933 Securities Act Section 17(a) securities fraud claim and the SEC’s 1934 Securities Exchange Act Section 10(b).

·根据规则10B-5，未能揭示有关公司收入的信息被认为是重大陈述和遗漏。

· There is sufficient evidence to support the SEC’s claim that Steeples is liable for recordkeeping, corporate reporting, and internal violations (as a control person and an aider and abettor of 800America.com) to grant summary judgment to all the claims.

The court, however, denied the SEC’s request for a permanent injunction against Steeples because “it does not appear that she initiated the fraud… (the SEC’s failure) to demonstrate that there is any risk of future violation or that this is more than an isolated incident. It also denied the SEC’s motion requesting a third tier civil penalty, noting about the defendant that “it appears that she was influenced to enter and continue the scheme by her co-conspirator. She also cooperated with the Government, at least to the extent of a guilty plea, which mitigates, to some extent, the egregiousness of her conduct.”

2005年，尖塔对相关的刑事指控表示认罪，并被判处70个月的监禁和两年的监督释放。她还被命令支付超过900万美元的赔偿金。审判后被定罪的共同被告戴维·拉比（David Rabi）后来在监狱中死亡。

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