2026-03-24 sec-litreleases judgment 2121 KB 4,760 chars

SEC v. SAMIR RAO, No. 1:23-cv-01424, Eastern District of New York (Mar. 24, 2026) — Judgment

raw: SEC v. SAMIR RAO

SEC v. SAMIR RAO, No. 1:23-cv-01424 (Mar. 24, 2026)

Caption: Securities and Exchange Commission v. Ozy Media, Inc.

Enriched metadata

Scheme: market-manipulation (60%)
Court: Eastern District of New York
Case No.: 1:23-cv-01424

Classified market-manipulation(confidence 60%). EDGAR detection: forms SC 13D/G/13F· recall 53% / precision 9%. detection rule →

Extracted insights

Entities 4

person final judgment
person judgment imposing injunctive relief
person samir rao
agency Securities and Exchange Commission

Triples 10

Securities and Exchange Commission filed Complaint
Samir Rao consented to Court's jurisdiction
Samir Rao consented to Judgment imposing injunctive relief
Samir Rao consented to Final Judgment
Samir Rao waived findings of fact and conclusions of law
Samir Rao verb right to appeal
Samir Rao is restrained from violating Section 10(b) of the Exchange Act
Samir Rao is restrained from violating Section 17(a) of the Securities Act
Samir Rao is prohibited from acting as officer or director of any issuer
Samir Rao shall comply with undertakings and agreements in the Consent

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SEC v. SAMIR RAO · Source

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Extracted body text (4,760c)

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,
      23 Civ. 1424 (ENV) (RER)

v.

SAMIR RAO,

Defendant.

FINAL JUDGMENT AS TO DEFENDANT SAMIR RAO

The Securities and Exchange Commission having filed a Complaint and Defendant Samir

Rao (“Rao” or “Defendant”) having entered a general appearance and consented to the Court’s

jurisdiction over Defendant and the subject matter of this action; Defendant having consented to

a Judgment imposing injunctive relief and a ten year officer and director bar entered by the Court

on March 14, 2023 (“Partial Judgment”); Defendant having consented to entry of this Final

Judgment, waived findings of fact and conclusions of law, and waived any right to appeal from

this Final Judgment:

   I.

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is

permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the

Securities Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5

promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of

interstate commerce, or of the mails, or of any facility of any national securities exchange, in

connection with the purchase or sale of any security:

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(a) to employ any device, scheme, or artifice to defraud;

(b) to make any untrue statement of a material fact or to omit to state a material fact

necessary in order to make the statements made, in the light of the circumstances

under which they were made, not misleading; or

(c) to engage in any act, practice, or course of business which operates or would

operate as a fraud or deceit upon any person.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who

receive actual notice of this Final Judgment by personal service or otherwise: (a) Defendant’s

officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or

participation with Defendant or with anyone described in (a).

    II.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant

is permanently restrained and enjoined from violating Section 17(a) of the Securities Act of 1933

(the “Securities Act”) [15 U.S.C. § 77q(a)] in the offer or sale of any security by the use of any

means or instruments of transportation or communication in interstate commerce or by use of the

mails, directly or indirectly:

(a) to employ any device, scheme, or artifice to defraud;

(b) to obtain money or property by means of any untrue statement of a material fact

or any omission of a material fact necessary in order to make the statements

made, in light of the circumstances under which they were made, not misleading;

or

(c) to engage in any transaction, practice, or course of business which operates or

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would operate as a fraud or deceit upon the purchaser.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who

receive actual notice of this Final Judgment by personal service or otherwise:  (a) Defendant’s

officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or

participation with Defendant or with anyone described in (a).

      III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, pursuant to Section

21(d)(2) of the Exchange Act [15 U.S.C. § 78u(d)(2)] and Section 20(e) of the Securities Act [15

U.S.C. § 77t(e)], Defendant is prohibited, for three years beginning on March 14, 2023, the date

the Court entered the Partial Judgment, from acting as an officer or director of any issuer that has

a class of securities registered pursuant to Section 12 of the Exchange Act [15 U.S.C. § 78l] or

that is required to file reports pursuant to Section 15(d) of the Exchange Act [15 U.S.C.

§ 78o(d)].

IV.

IT IS 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.

VII.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain

jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.

VIII.

There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil

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Procedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice.

Dated: 3/18/2026

/s/ Eric N. Vitaliano
___________________________________
UNITED STATES DISTRICT JUDGE

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